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...Terry Smith’s Fundsmith Equity Fund and Nick Train’s WS Lindsell Train UK Equity Fund were hit by redemptions every month in 2023, with annual net outflows totalling £1.4bn and £800mn, respectively, data...
...This article has been amended to clarify the period for which Terry Smith was paid £31mn, and the period of underperformance by Fundsmith Equity Fund....
...Simões, who joined the business from Santander, replaced Sir Nigel Wilson, L&G’s chief of more than a decade....
...Two funds managed by renowned fund managers Terry Smith and Nick Train made the Spot the Dog list for the first time in the category of worst performing funds by size....
...L&G declined to comment....
...Terry Smith and Nick Train suffer outflows The continued march of cheap passive equity offerings and the more recent move towards high-yielding cash products has two prominent casualties: Terry Smith and...
...The composers — Cassandra Miller, Laurence Crane and Linda Catlin Smith — make a complementary trio....
...L&G said that it had written £13.4bn of pension transfer business globally so far this year....
...Chanel tweed jacket, €3,024, vestiairecollective.com Lara Bohinc wool and brass Celeste chair, €3,390, 1stdibs.com Akris cotton-mix top, €440 Airei wool-mix trousers, £1,045, selfridges.com Pols Potten terry-loop...
...L&G’s retail business was also “bolstered” by rising individual annuity sales....
...A history of Gaza: Using maps and charts, Michael Peel and Alan Smith explain the history of the embattled enclave....
...Shepherdson argues that declining S&L tax revenue augurs poorly for future S&L spending, as this chart shows: It’s a reminder to investors that markets are sensitive to changes, not levels....
...“We are expecting a similar number of large transactions to close in the second half of the year,” L&G said....
...Foxconn was founded by Terry Gou, who is running as an independent candidate in Taiwan’s presidential elections in January. He retains a 12.5 per cent stake in the company....
...Chaumet gold and diamond L’Épi de Blé de Chaumet ring, £10,200. Saskia Diez sterling-silver Long Star earring, €105 for a pair Paul Smith silk shirt, £425, and matching silk tie, £110....
...Fund manager Terry Smith said Unilever had “lost the plot” after Jope said one purpose of Hellmann’s mayonnaise was to reduce food waste. The CMA is right to crack down on greenwashing....
...Smith launched a scathing attack on Unilever over its purpose-driven mayonnaise....
...In an updated prospectus, Birkenstock said that it would sell stock at between $44 and $49 per share, which would raise up to $1.6bn for the company and its private equity owner L Catterton....
...Under Shane Smith, Vice expanded into a new media empire. The Verge explores how it all came crashing down. Newsletters have been touted as the possible successor of newspapers....
...Terry Smith is chief executive of Fundsmith LLP....
...UK fund manager Terry Smith was paid more than £36mn last year as his investment boutique Fundsmith posted a bumper profit....
...L&G’s shares fell more than 2 per cent following the news, against a broadly flat FTSE 100 index....
...paulsmith.com Gucci raffia GG Marmont shoulder bag, £1,760, matchesfashion.com Guess Originals viscose-mix GO SOPHIA jumper, £30, overkillshop.com Aurélie Bidermann gilded oyster turquoise Alicanta ring, €250 L’...
...Like bigger peers such as L&G, Just has a record pipeline of such deals in what is expected to be a record year for the market....
...UK investment manager Terry Smith has blamed his £22.5bn fund’s underperformance last year on the end of “easy money”....
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