Fundsmith and Lindsell Train

Anyone know more about them? They are mutual funds, but have a decent track record. Keen to hear how they compare to the good L/S guys in London in terms of comp, culture, PM upside etc.

4 Comments
 

I know both these firms:

1) warren buffet 'buy wonderful companies and hold forever' investment style

2) stellar world class performance records in long only global equities

3) extremely highly regarded in UK currently, kind of similar prestige to Baupost in US

4) skyrocketing aum: fundsmith is getting flows of around £500mil per month and £ 17 billion aum

5) very low staff count, both firms have fewer than 25 employees, so they're printing money like nothing else. Unfortunately this means it will extremely tough to land a job there

 

I'd argue the same if not better than top tier HFs, even many of the best HFs haven't covered themselves in glory in performance terms the last decade.

I don't know about comps, maybe google but I assume will be very very high. Turnover will be extremely low as people wouldn't want to leave firms on a meteoric rise. Culture would be very intellectual, long term oriented investment. Read their investment reports and you'll get a sense of how they think.

 

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