Media money-spinner

The Lindsell Train media hedge fund, launched at the end of last year, seeks to make money from current events in the global media industry. The fund's objective is simply 'to make money with the coveat that we badly want to avoid losing money as well,' says Nick Train, the fund manager.

The media sector has been a value creating sector for investors for many years. Over the 20 years preceding the fund's launch, the global media market has produced compounded returns of 12% a year.

Train's aspira