Lindsell Train founders take £23m in dividends despite profit slide
The two founders of the Lindsell Train fund management business took home about £23 million in dividends last year despite a slide in profits as investors pulled money from the group.
Michael Lindsell and Nick Train, the more high profile of the pair, are among Britain's best-known stockpickers but their eponymous company has come under pressure in recent years because of the flagging performance of some of its funds.
The latest accounts for the business filed at Companies House showed its fee revenues fell by almost a fifth to £69.1 million in the 12 months to the end of January after client withdrawals knocked its assets under management to £12.8 billion, from £15.9 billion a year earlier.
It said that these fund outflows were 'predominantly
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