 | |
| Company type | Public |
|---|---|
| Industry | Investment management |
| Founded | 1868 |
| Headquarters | London, England |
Key people | Simon Fraser (Chairman) Paul Niven (Fund manager) |
| Revenue |  £106.6 million (2023)[1] |
| £96.2 million (2023)[1] | |
| £81.7 million (2023)[1] | |
| Website | www.foreignandcolonial.com |
F & C Investment Trust, formerly 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 100 Index; it is also listed on the New Zealand Exchange.[2]
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[3][4] and specialised in investing in Government bonds.[5]
In 1891 it changed its name to The Foreign & Colonial Investment Trust: it first started investing in equities in 1925.[5]
In 1981, the company launched Graphite Capital, a leading UK private equity firm.[6]
The company shortened its name from The Foreign & Colonial Investment Trust to F & C Investment Trust in 2018.[7]
Operations
The company has assets under management of approximately £5.0 billion as at 31 January 2024.[8] The company is managed by Paul Niven of F&C Asset Management.[9] The current chair is Beatrice Hollond.[10]
References
- ^ a b c "Annual Report 2023". Foreign & Colonial Investment Trust. Retrieved 19 March 2024.
- ^ "New Zealand Stock Exchange". NZX. Retrieved 14 August 2018.
- ^ Fixsen, Rachel (27 October 2000). "There's life in the old investment trust yet!". The Independent. London. Retrieved 4 November 2007.
- ^ "The money doctors". The Economist. 12 November 2020. ISSN 0013-0613. Retrieved 22 November 2020.
- ^ a b "How has investing changed in the last 150 years". Columbia Threadneedle Investments. Retrieved 7 April 2024.
- ^ "Graphite Capital Fund Investors: History". Archived from the original on 11 July 2011. Retrieved 24 April 2011.
- ^ "Foreign & Colonial trust changes name to reflect its 'relevance in the modern world'". Investment Week. 7 March 2018. Retrieved 7 April 2024.
- ^ "Avoid the FTSE 100 index and buy F&C Investment shares instead". Invezz News. 30 January 2024. Retrieved 7 April 2024.
- ^ "Paul Niven". Trust.net. Retrieved 9 April 2016.
- ^ "Beatrice H.M. Hollond". Brown Advisory. Retrieved 7 April 2024.
Further reading
- F&C: A History of Foreign & Colonial Investment Trust by Neil McKendrick and John Newlands, 1999.
External links
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This page was last edited on 7 April 2024, at 22:13