Lindsell and Train plan their first hedge fund

Lindsell Train is planning to bring out its first hedge fund in the next six months.

Nick Train and Mike Lindsell both have more than 15 years' experience in long-only investment, formerly with GT Investment Management, which was taken over by Invesco. Lindsell's area of experience and expertise is Japan and he will manage the fund, which will be a Japan long/short hedge fund.

The fund will take advantage of fluctuations in share prices in the Japanese market to achieve gains in unfavourable