Witan Investment Trust has appointed two further UK equity managers to its multi-manager line-up.

Lindsell Train and NewSmith Asset Management have both been awarded £100 million mandates.

The cash will come from the Henderson UK Enhanced Index portfolio and the Marathon Asset Management's UK portfolio, and is part of the the investment trust's revqmp of its multi-manager line-up.

Andrew Bell, chief executive of Witan Investment Trust, said, 'We believe Witan’s shareholders should benefit significantly from the stock picking ability of Lindsell Train and NewSmith.

'These two managers, together with our other active UK manager, Artemis, provide our shareholders with access to a strong array of talent working on their behalf.'

He added, 'Given the inherent diversifying effects of our global portfolio and the variety of our managers, Witan is seeking more concentrated stock selection as a further enhancement of its strategy.'

The NewSmith portfolio will be managed by Steve Thompson, Richard Milliken and Mark Wharrier.
The Lindsell Train portfolio will be managed by investment veteran Nick Train.