Woodford: Atom Bank and Funding Round

woodford: But Woodford's involvement in the funding round failed to excite investors, according to The Guardian. Instead, shares in the FTSE-250-listed fund fell 1.6% to a new low of 53.1p. Woodford Patient Capital Trust confirmed on Monday that it was pumping 10m into Atom Bank, keeping its stake at 18%. It is part of a wider 50m fundraising by Atom Bank that also drew investment from the Spanish banking group BBVA and investment funds Perscitus and Toscafund. It is the first major investment decision made by Patient Capital since 3 June, when Woodford made the shock decision to suspend his flagship Equity Income Fund after being overwhelmed by customer withdrawals. Woodford was forced to block investors from withdrawing their money from the equity income fund in order to give himself time to sell off stakes in quoted stocks and unlisted companies that can be more difficult to sell. It followed a string of bad investments that caused the fund's performance to nosedive. (news.financializer.com). As reported in the news.