Terry Smith lands £36m payout despite turbulent year for Fundsmith Equity

Fundsmith LLP profits rose to £58.2m

Valeria Martinez
clock • 2 min read

Star stockpicker Terry Smith received a record £36m payout last year despite a turbulent 12 months for the performance of his flagship Fundsmith Equity fund.

Smith's business, Fundsmith LLP, produced a profit of £58.2m for the fiscal year that ended in March 2022, a modest rise from the £57.7m realised the prior year, according to accounts posted on Companies House. Under the company's profit-sharing arrangements, the member with the largest entitlement, who is thought to be Smith, received a £36.5m profit share, an increase from the £35.7m given out in 2021. Fundsmith LLP, which oversees investments in London, Delaware, and Luxembourg, paid £251.7m in fees to Fundsmith Investment Services, a business based in Mauritius, where Smith reside...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

North American equities take lead in FE fundinfo's top-rated passive funds

North American equities take lead in FE fundinfo's top-rated passive funds

EM equity strategies get lowest ranking

Sorin Dojan
clock 12 February 2025 • 2 min read
Fundsmith sells out of PepsiCo while making unnamed investment

Fundsmith sells out of PepsiCo while making unnamed investment

Held for over a decade

Eve Maddock-Jones
clock 10 February 2025 • 2 min read
Fund outflows subside in 2024 as investors grow incrementally optimistic

Fund outflows subside in 2024 as investors grow incrementally optimistic

UK outflows continue

Linus Uhlig
clock 06 February 2025 • 3 min read
Trustpilot
Loading page