Strapped for cash, Wood­ford's un­rav­el­ing con­tin­ues as list­ed fund con­sid­ers kick­ing him out as man­ag­er

In the lat­est ag­gra­va­tion of Neil Wood­ford’s on­go­ing ca­reer cri­sis, the board of his list­ed fund is con­sid­er­ing re­plac­ing him as the port­fo­lio man­ag­er.

The an­nounce­ment came two days af­ter the stock­pick­er told the board that he has sold 60% of his stake in the Wood­ford Pa­tient Cap­i­tal Trust at the be­gin­ning of the month in or­der to meet “per­son­al fi­nan­cial oblig­a­tions.” Be­tween Ju­ly 3 and 8, he sold 1.75 mil­lion of his shares, rais­ing an es­ti­mat­ed £1 mil­lion.

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