Lindsell Train

North American Equity fund

Vanguard best value asset manager in Q1

Parent company accounts for half the trust's assets

Individual holdings breach limits

Increases holding to 50.2% of investment trust

'The right thing to do'

£43.9bn assets under management in 'dog fund'

Added to Asia and luxury spending holdings in UK and global equity funds

Most successful managers take a trip down memory lane

Share price dropped by 3.5%