Woodford Patient Manager

Experts reveal their top picks

Beleaguered manager hit with latest holdings setback

Pair also on board of several other trusts

Stock plummeted after failed drug trial

Investment trust providers need to have strong reasons to justify launching new closed-ended funds with equity mandates, as the sector becomes increasingly dominated by alternatives vehicles, according to Numis Securities.

Predicts slower long-term growth

Shares dropped 90% since summer

Emphasis on 'early-stage' investments

Tough 12 months

Oil, industrials and banks dividends at risk