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You are here: Manager factsheet

Nick Train

FE Alpha Manager
Frostrow Capital LLP, Lindsell Train Ltd, Capita Financial Managers
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FE Trustnet verdict
Overall, performing better than the peer group composite. Over a long track record, the manager has, period by period, consistently managed to outperform the peer group. Good stockpicking has had a material positive impact on results, which have not been particularly exposed to falling markets.
Manager profile
Nick Train began his career as an Investment Manager at GT Management in 1981, having graduated from The Queen's College, Oxford with a second class honours in Modern History (1977-1980). He left GT in June 1998, after 17 years, on its acquisition by INVESCO. At his resignation he was a Director of GT Management (London), Investment Director of GT Unit Managers and Chief Investment Officer for Pan-Europe. He joined M&G in September 1998, as a Director of M&G Investment Management. In June 1999 he was appointed as Head of Global Equities at M&G. He left M&G in April 2000 to co-found Lindsell Train Limited. In 2001 Lindsell Train was appointed as investment advisor to the Finsbury Growth & Income Trust. In 2001 Lindsell Train launched the Lindsell Train Global Media Fund (closed in 2011). In 2006 Lindsell Train launched the CF Lindsell Train UK Equity Fund. In 2011 Lindsell Train launched the Lindsell Train Global Equity Fund. He is investment adviser to the Worshipful Company of Saddlers.
Total return for Nick Train
 
Rolling Alpha Quartile: Discrete three year periods
Rolling Alpha Quartile shows a manager's alpha score in quartile terms, plotting his or her risk adjusted performance against all other managers in the UT & OEICs universe. The best managers are those who are consistently ranked in the first or second quartile.
 
Quartile 1
Quartile 2
Quartile 3
Quartile 4
 
 
 
 
 
0-36m
 
 
 
 
 
 
 
 
 
12-48m
 
 
 
 
 
 
 
 
 
24-60m
 
 
 
 
 
 
 
 
 
36-72m
 
 
 
 
 
 
 
 
 
48-84m
 
 
 
 
 
 
 
 
 
Discrete calendar year performance : Nick Train

Manager career performance
Discrete performance
  0-12m 12-24m 24-36m 36-48m 48-60m 60-72m 72-84m 84-96m 96-108m 108-120m
Nick Train 8.9 26.6 27.1 6.8 27.3 18.1 -21.2 14.8 17.5 23.4
Peer Group Composite 7.0 22.2 15.3 -0.9 14.2 12.5 -24.5 13.6 11.9 28.7
Over / Under 1.9 4.4 11.8 7.7 13.1 5.6 3.3 1.2 5.6 -5.3
Performance vs peer group composite: Nick Train
How a manager matches up against his peers gives you some idea of how talented he is. Very few managers perform equally well in rising and falling markets, so knowing which type of market a manager is capable of performing well within is also important.
 
Overall markets
Up
Outperformed peer group composite
9 years
out of a possible 10
 
Overall markets
Up
Underperformed peer group composite
1 year
out of a possible 10
 
Rising markets
UpDown
Outperformed peer group composite
7 years
out of a possible 8
 
Falling markets
UpDown
Outperformed peer group composite
2 years
out of a possible 2
Funds currently managed
Fund Sole/Co-managed Sector Periods
Finsbury Growth & Income Trust PLC Lead manager IT UK Equity Income since Dec 11 2000 to present
Lindsell Train IT plc Lead manager IT Global since Jan 22 2001 to present
CF Lindsell Train UK Equity Lead manager IMA UK All Companies since Jul 10 2006 to present
Funds managed previously
Fund Periods
Lindsell Train Global Media since Nov 22 2001 to fund close
Invesco Income Growth Trust plc since Mar 27 1996 to Dec 31 1998
M&G UK Select since Sep 01 1998 to Apr 30 2000
M&G Global Growth since Sep 01 1998 to Apr 26 2000