Overview
Lindsell Train Limited (LTL) is a British investment management company that focuses on managing equity portfolios. The Lindsell Train Investment Trust (LTI) which currently owns 24% of LTL is publically traded on the London Stock Exchange.
Lindsell Train is current manager of the Finsbury Growth & Income Trust.
Background
In 2000, Lindsell Train was founded by Michael Lindsell and Nick Train who met while working at GT Management. The company's name is from both of their surnames.
LTL takes a buy and hold approach to investing which involves selecting a only few stocks to invest in and holding them for a long period. Portfolio turnover and trades performed are low as a result. The approach has drawn comparisons to Warren Buffett. In addition LTL has a small team to avoid excessive bureaucracy. Companies it tends to invest in are established ones that have existing loyal customer bases such as Burberry, Nintendo and Diageo.
From Wikipedia (CC BY-SA 4.0).