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Star Money Manager Nick Train Warns of Worst Returns in 20 Years

  • He set up Lindsell Train with Michael Lindsell in 2000
  • The closed-end fund’s share price has dropped 10% this year
Updated on

U.K. money manager Nick Train said his listed investment fund Lindsell Train Investment Trust Plc is experiencing its worst performance since it started business.

“I will not make flippant or complacent predictions about prospects for Lindsell Train Limited, as we experience arguably the worst period of relative investment performance in our 20-year history,” Train said in the closed-end fund’s half-year results