Fund manager Terry Smith’s pay falls to £28mn

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Financial Times 2d ago

Fund manager Terry Smith’s pay falls to £28mn - Financial Times

Quick Summary:

He said at the time that “outperformance was difficult to attain” in his fund as a result of avoiding Nvidia and not holding enough of the other big tech companies.

The fund manager also started buying a stake in semiconductor manufacturer Texas Instruments over the first half of the year.

However, the fund has returned almost 600 per cent since its launch, exceeding the MSCI World index’s 381 per cent in sterling terms over this time.