Trojan Income

Joins Francis Brooke and Hugo Ure at helm

First beneficiary of Covid yield requirement suspension

Replicates investment process of £2.5bn Income fund

Sebastian Lyon's £2.6bn Troy Trojan fund has been labelled "the biggest disappointment" in Chelsea Financial's biannual RedZone list of underperforming funds.

Troy Asset Management's Sebastian Lyon has said he "longs" for a return of volatility in order to open up more opportunities for investment.

Sebastian Lyon, manager of the Troy Trojan fund, has warned shares in mid- and small-cap stocks are currently ‘priced for perfection', after valuations shot up substantially over the past decade.

Francis Brooke, manager of the £428m Troy Trojan Income fund, has initiated a position in Aberdeen Asset Management as he believes the company is transforming itself into a "cashflow machine".