Foreign & Colonial Investment Trust
 | |
| 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 2 3 "Annual Results 2015". Foreign & Colonial Investment Trust. Retrieved 28 March 2015.
- ↑ Fixsen, Rachel (2000-10-27). "There's life in the old investment trust yet!". London: The Independent. Retrieved 2007-11-04.
- ↑ Graphite Capital Fund Investors: History
- ↑ "Facts and Figures". Foreign & Colonial Investment Trust. Retrieved 2007-11-04.
- ↑ "Paul Niven". Trust.net. Retrieved 9 April 2016.
Further reading
- F&C: A History of Foreign & Colonial Investment Trust by Neil McKendrick and John Newlands, 1999.
