Patient Capital trust: A chink in Woodford's armour?

A chink in the armour?

So far, Neil Woodford and Woodford Investment Management have played a blinder.

The business is now running £10bn of assets, they have not paid a bean for advertising, and they are nearly everyone's favourite investment manager. The obvious fear is the funds could underperform. However, Woodford's style is such that he may underperform at certain points in the cycle but, over the longer term, will most likely outperform both his peers and the market. The risk here is private investors do not fully understand this, but that is where the role of a professional adviser becomes so important. I do wonder though if the new investment trust, Patient Capital, could be...