How long have you got? Although you need to be patient if you are making an investment in the stock market, you need also to ensure that your willingness to sit tight and hope for a better tomorrow is not being exploited, ad infinitum. Thousands have already deserted the beleaguered Woodford Equity Income fund, having come to realise that the future may not be rosier. This weekend the remaining savers will be pondering their exit after it emerged that St James’s Capital, possibly the largest investor in Neil Woodford, one-time City star and the fund’s manager, is wondering whether he has lost his lustre. Woodford’s record would suggest that he can reclaim his crown, but the illiquid nature of a chunk of the fund’s holdings…

Source: The Times May 31, 2019 23:04 UTC