The announcement yesterday (29 July) that Neil Woodford has sold around 60 percent of his personal holding in Woodford Patient Capital Trust (WPCT), the £485 million London-listed closed-ended investment company he manages as investment head of Woodford Investment Management (WIM), will no doubt add further fuel to the growing controversy about the way in which he has managed investors capital since he left Invesco in 2014 to establish his own company.

This is especially the case given the news, also released on 29 July, that investors in LF Woodford Equity Income (WEI), the £2.7 billion UK authorised open-ended investment comp...