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Train on track for investment boutique

Former GT and M&G fund management star Nick Train is to set up a boutique investment house within the next few weeks.

The firm, to be called Lind sell Train Asset Man agement, will be a joint venture with former Invesco Global fund manager Michael Lindsell.

The firm is expected to launch a UK investment trust managed by Train and a Japanese hedge fund, to be managed by Lindsell, in the next few months.

Further laun ches are exp ec ted later next year.

Train left M&G in April having taken over the firm&#39s flagging capital and international growth funds 18 mon ths before. But Train made his name at his former employers, GT, now owned by Inv esco, where he managed its global income and income growth funds.

Lindsell was head of global equities at Invesco until his departure last year and also used to work alongside Train at GT.

Plan Invest director Mich ael Owen says: “Nick is one of those names you cannot ignore in the industry. He did not do that well at M&G but he would probably say that wasn&#39t his fault.

“He is a fairly entrepreneurial fund manager and I do not think he works well in a big conglomerate. He will flourish more as his own boss. We could all do with watching what he&#39s up to.”

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