Overview
Lindsell Train Limited (“LT”) was established in 2000 by Michael Lindsell and Nick Train. The
business was founded on the shared investment philosophy that developed while the
founders worked together during the early 1990s and which underlies our business today.
LT is and has been authorized and regulated by the United Kingdom Financial Conduct
Authority (“FCA”) since December 2000 to carry out investment business.
Each of the founders, together with their respective spouses, owns 35.9% of LT. Another
23.9% is owned by the Lindsell Train Investment Trust plc, (“LTIT” or “the Trust”) a closed
ended investment fund listed on the London Stock Exchange and is held for investment
purposes only. LT is the appointed investment manager to LTIT although it has no authority
to exercise discretion over the Trust’s holding in and exposure to LT shares. The remaining
4.2% is owned by existing and former LT employees.
This ownership structure allows the founders to maintain the integrity of the business
principles which informs
the culture of our company, namely:
• To run client capital as we would run our own
• To align our interests with those of our clients
• To take a long-term view on investment performance and business development
LT specializes in the discretionary management of UK equity, Japanese equity, Global
equity and North American equity mandates offered both through segregated accounts,
subject to clients’ specific restrictions and guidelines, and pooled funds. Our client base is
institutional in nature.
We do not offer any wrap fee programs.
As of February 29th 2024 our regulatory assets under management were
US$19,546,899,721 all managed on a discretionary basis.
For separately managed accounts, investment guidelines and restrictions and any other
customized requirements (such as investment management fees) are agreed with the
client and documented in the investment management agreement prior to the client
accepting the service.
Lindsell Train – Investment Adviser Brochure Page 5