Star fund manager Neil Woodford is poised to raise more money for his Patient Capital Trust to plough into start-up firms. Woodford is looking to pull in additional cash to his £801.4million trust. He largely invests in healthcare firms and aims to deliver capital growth over the long-term by investing in both quoted and unquoted UK firms. However, the trust largely focuses on start-ups and aims for longer-term annual returns of 10 per cent. Experts believe that many mainstream firms are already over-valued and Woodford wants to plough more cash into dynamic new businesses. After launching in April last year, the trust is said now to be almost fully invested, with the remaining cash all committed. I t at present has 60 holdings and Woodford is expected to add up to 30 more with the extra cash. https://player.vimeo.com/video/131081210 Head of investment at Hargreaves Lansdown, Mark Dampier, said: ‘Neil Woodford...
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