Nick Train is to manage a concentrated global portfolio of around 20 stocks
Lindsell Train is to launch its Global Media Hedge fund in October this year, to be managed by Nick Train. The fund will be highly concentrated and will average 20 positions, around 15 core long positions and up to five shorts. The turnover in the core long positions is expected to be low, at around 20% pa. He said: 'We have chosen global media as it is an area I have gained expertise in and invested in over the years. We believe it offers value as media makes up around 5% of global market capitalisation and has consistently outperformed world indices.' Train defines media content ...
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