Foreign & Colonial Investment Trust

Foreign & Colonial Investment Trust plc
Public (LSE: FRCL)
Industry Investment management
Founded 1868
Headquarters London, UK
Key people
 Mark Loveday (Chairman)
Paul Niven (Fund manager)
£52.6 million (2015)[1]
£47.3 million (2015)[1]
AUM £2.7 billion (2015)[1]
Website www.foreignandcolonial.com

Foreign & Colonial Investment Trust is a publicly traded investment trust. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The Company was founded by Philip Rose, who also founded the Royal Brompton Hospital, in 1868 as The Foreign & Colonial Government Trust: it was the first collective investment scheme in the world[2] and specialised in investing in Government bonds. In 1891 it changed its name to The Foreign & Colonial Investment Trust: it first started investing in equities in 1925. In 1981, F&C launched Graphite Capital, a leading UK private equity firm.[3]

Operations

The Company has assets under management of approximately £2.7 billion and holds stakes in over 600 different companies in 35 countries worldwide.[4] The Company is managed by Paul Niven of F&C Management Limited, a subsidiary of F&C Asset Management plc.[5]

References

  1. 1 2 3 "Annual Results 2015". Foreign & Colonial Investment Trust. Retrieved 28 March 2015.
  2. ↑ Fixsen, Rachel (2000-10-27). "There's life in the old investment trust yet!". London: The Independent. Retrieved 2007-11-04.
  3. ↑ Graphite Capital Fund Investors: History
  4. ↑ "Facts and Figures". Foreign & Colonial Investment Trust. Retrieved 2007-11-04.
  5. ↑ "Paul Niven". Trust.net. Retrieved 9 April 2016.

Further reading

External links

This article is issued from Wikipedia - version of the 5/18/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.