Lindsell Train is an investment management business founded in 2000 by Michael Lindsell and Nick Train, one of the UK's best-known fund managers. The business focuses on the management of UK, Global and Japanese equity mandates for institutional clients. The company continues to be majority owned (72.5%) by the founders.
A further 3% is owned by staff and the remainder is held by a London-listed investment trust, the Lindsell Train Investment Trust plc.
Cites 'broader opportunity set' than UK market
Under pressure from regulators
Hails group's 'exceptional' track record
Can't transfer between share classes
To protect the interests of clients and shareholders
Research following Woodford gating
Top five holdings make up 45%