Good morning: Neil Woodford has apologised for the performance of the listed investment trust that bears his name, Woodford Patient Capital Trust, after it reported a 26 per cent fall in net asset value in the first half of the year. The results from Woodford Patient Capital this morning highlight the pressure on its investments and Mr Woodford. Woodford Patient Capital invests in UK companies with potential for long-term growth but it has been caught up in the fallout from Mr Woodford gating his main Equity Income Fund. Woodford Patient Capital has reported a net asset value of £654 million on June 30, which follows an independent review of its top 20 investments commissioned by the board. This represents a 26 per cent fall since…

Source: The Times September 30, 2019 08:03 UTC