Interview: what’s behind Terry Smith’s £115 million investment

Terry Smith is in the news because he has just invested £115 million of his own money – yes, you read that right – into the Fundsmith global equity fund he runs. The nine-figure sum represents the proceeds he gained from selling the shares he owned in Tullett Prebon, the City moneybroking firm where he

I am sorry but you do not have access to this page, which is for subscribers only. To become a subscriber, follow the Subscribe Now tab at the top of this page.

If you feel that you should have access to this material, but have been unfairly denied, please send an email to admin@independent-investor.com in the first instance.