Star Stockpicker Nick Train Buys More Shares in His Finsbury Growth Trust

Morning briefing: Nick Train lifts his Finsbury Growth stake to nearly 5%; Schroder European REIT stable after KPN hit; Partners Group falls 2.8%

Finsbury Growth & Income (FGT) fund manager Nick Train has lifted his personal stake in the £973m UK equity income trust to 4.9%. Following the purchase of 25,000 shares at 824p yesterday, he owns a total of just over 5.7m shares. The manager, who has a long record of buying shares in his funds, is […]

Star stockpicker Nick Train buys more shares in his Finsbury Growth trust

Star fund manager Nick Train has ploughed over £200,000 into his struggling Finsbury Growth and Income Trust, in a further show of support for the 100-year-old trust’s investment strategy just weeks before a crunch continuation vote to mark its centenary. Train, who has managed the £1.3bn trust’s portfolio since 2000, bought 25,000 shares in the group at an average price of 824p per share, according to a statement made to the London Stock Exchan…