Lindsell Train launches first new fund in nearly a decade

North American Equity fund

Lindsell Train has launched its first new fund in more than nine years, which will be the first ever not to feature either of the firm’s namesake founders as managers.

Lindsell Train North American Equity will be managed by James Bullock and Madeline Wright, and presents an opportunity for the pair to manage a strategy with "complete autonomy" as the firm begins to think "ever more seriously about succession", according to a spokesperson for Lindsell Train. Lindsell Train IT's NAV hit by fall in value of Lindsell Train Limited Bullock, who joined the firm in 2010 and co-manages the Global Equity portfolio, will be assisted by Wright, who has been with the company since 2012, and the duo will be supported by the rest of the investment team. It wil...