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.
Top five holdings make up 45%
Rathbones, Schroders and HL rallied last month
Bought asset manager on 2018 price dip
Investment Week research
Accusing HL of only caring about own profits
Holdings will need to "plough through their own furrow"