Multi-manager investment trust Witan has appointed Lindsell Train to manage a £180m global equity mandate for its portfolio, replacing the UK equity mandate it had managed for the firm since 2010.
The mandate accounts for approximately 8% of Witan's portfolio, with the transition from the UK equity holdings to the global portfolio having taken effect during December 2019. Witan called Lindsell Train's UK portfolio "an outstanding success", having achieved an annualised return of 15.5% from September 2010 to the end of November 2019, which it pointed out was almost twice the 8.4% annual rate of return from the UK stock market over the same period. Lindsell Train drops out of multi-managers' top ten as Woodford fallout continues In a statement, Witan said: "Lindsell Train's gl...
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