Nick Train tight-lipped on Hargreaves Lansdown takeover

In the latest update and in a departure from recent months, no mention was made of FGT's seventh largest holding, Hargreaves Lansdown, which last Friday (9 August) accepted a £5.4bn takeover bid from a consortium of private equity firms. In May's FGT factsheet, the manager said the market "should not have been surprised" at the bid put forward in May, as its valuation was "exceptionally low". At the time, the consortium had offered £4.7bn for the UK's largest investment platform, which it rejected. "In our opinion, HL is by no means the only holding in your portfolio whose market valu...