Foreign & Colonial Investment Trust

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Foreign & Colonial Investment Trust plc
Type Public (LSEFRCL)
Industry Investment management
Founded 1868
Headquarters London, UK
Key people Mark Loveday (Chairman)
Jeremy Tigue (Fund manager)
Operating income £56.2 million (2013)[1]
Net income £44.0 million (2013)[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[edit]

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[edit]

The Company has assets under management of approximately £2.5 billion and holds stakes in over 600 different companies in 35 countries worldwide.[4] The Company is managed by Jeremy Tigue of F&C Management Limited, a subsidiary of F&C Asset Management plc.

References[edit]

  1. ^ a b Annual Results 2013
  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. 

External links[edit]

Further reading[edit]

  • F&C – A History of Foreign & Colonial Investment Trust by Neil McKendrick and John Newlands, 1999.