Schroders to manage Woodford Patient Capital after founder's exit

LONDON (Reuters) - Woodford Patient Capital Trust (WPCT) said it has appointed asset manager Schroders to run its portfolio after the abrupt departure last week of founder Neil Woodford. Woodford, one of Britain's most high-profile fund managers, resigned as manager of the trust as he shut his asset management business after administrators closed his flagship equity income fund.That followed months of turmoil as Woodford scrambled to sell the fund's unlisted and illiquid companies to raise..