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Evening Standard
Evening Standard
Business
Simon English

Star fund manager Terry Smith falls to earth as markets wobble

Terry Smith

(Picture: Glenn Copus)

Star City fund manager Terry Smith issued a mea culpa today, as he admitted his stock picking skills have been found wanting.

In his 13th annual letter to investors in the £22.5 billion Fundsmith Equity Fund he noted that the fund is up 478% since it began in November 2010.

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