Global and UK equities
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.
£43.9bn assets under management in 'dog fund'
Added to Asia and luxury spending holdings in UK and global equity funds
Most successful managers take a trip down memory lane
Share price dropped by 3.5%
Fund will stay on Super 60 list
Cites 'broader opportunity set' than UK market
Under pressure from regulators
Hails group's 'exceptional' track record
Can't transfer between share classes
Could damage active management industry
To protect the interests of clients and shareholders
Research following Woodford gating
Top five holdings make up 45%
LTIT to see fees cut from 0.65% to 0.6% next month
Grows pre-tax profits by 46%
Rathbones, Schroders and HL rallied last month
Bought asset manager on 2018 price dip
Investment Week research
High risk of capital loss
Accusing HL of only caring about own profits
Holdings will need to "plough through their own furrow"