Foreign & Colonial Investment Trust
|Type||Public (LSE: FRCL)|
|Key people||Mark Loveday (Chairman)
Jeremy Tigue (Fund manager)
|Operating income||£56.2 million (2013)|
|Net income||£44.0 million (2013)|
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 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.
The Company has assets under management of approximately £2.5 billion and holds stakes in over 600 different companies in 35 countries worldwide. The Company is managed by Jeremy Tigue of F&C Management Limited, a subsidiary of F&C Asset Management plc.
- F&C – A History of Foreign & Colonial Investment Trust by Neil McKendrick and John Newlands, 1999.