Train warns of damaging effect on mixing funds

Combining hedge funds and long-only funds can be damaging for large asset management companies, according to Nick Train, director of Lindsell Train, who runs both a hedge fund and long-only funds.

He believes there could be a conflict of interest for a hedge fund manager who also runs a traditional long-only portfolio.

'I think it is disruptive indeed in a traditional long-only house to have hedge fund activity, unless it is completely ring-fenced, and even that can be very divisive,' he said.

Larg

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