June 4, 2019 / 9:53 AM / 3 months ago

Shares in listed Woodford fund hit by firm's suspension woes

* Woodford Patient Capital Trust shares down 13%

* Follows Monday suspension of firm’s Equity Income Fund

By Simon Jessop and Carolyn Cohn

LONDON, June 4 (Reuters) - Shares in a listed fund run by high-profile British money manager Neil Woodford tumbled by more than 13% on Tuesday after investors were spooked by the previous day’s suspension of another of his funds.

The Woodford Patient Capital Trust was trading at 67.4 pence a share at 0806 GMT, on course for its biggest daily fall since launching in 2015, after investors were blocked from taking cash out of another of Woodford’s funds late Monday.

The suspended fund, LF Woodford Equity Income Fund, has shed assets amid weak performance and growing concern about the fund’s holdings in unlisted companies, which fuelled an increase in demand to leave the fund in recent weeks.

Additional reporting by Huw Jones and Thyagaraju Adinarayan in London Editing by David Goodman

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