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Terry Smith lands £36m payout despite turbulent year for Fundsmith Equity

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Star stockpicker Terry Smith received a record £36m payout last year despite a turbulent 12 months for the performance of his flagship Fundsmith Equity fund. Smith's business, Fundsmith LLP, produced a profit of £58.2m for the fiscal year that ended in March 2022, a modest rise from the £57.7m realised…

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