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F & C Investment Trust

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F & C Investment Trust plc
Company typePublic
IndustryInvestment management
Founded1868; 156 years ago (1868)
HeadquartersLondon, England
Key people
Simon Fraser (Chairman)
Paul Niven (Fund manager)
RevenueIncrease £106.6 million (2023)[1]
Increase £96.2 million (2023)[1]
Increase £81.7 million (2023)[1]
Websitewww.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

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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

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The company is managed by Paul Niven of F&C Asset Management.[8] The current chair is Beatrice Hollond.[9]

References

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  1. ^ a b c "Annual Report 2023". Foreign & Colonial Investment Trust. Retrieved 19 March 2024.
  2. ^ "New Zealand Stock Exchange". NZX. Retrieved 14 August 2018.
  3. ^ Fixsen, Rachel (27 October 2000). "There's life in the old investment trust yet!". The Independent. London. Retrieved 4 November 2007.
  4. ^ "The money doctors". The Economist. 12 November 2020. ISSN 0013-0613. Retrieved 22 November 2020.
  5. ^ a b "How has investing changed in the last 150 years". Columbia Threadneedle Investments. Retrieved 7 April 2024.
  6. ^ "Graphite Capital Fund Investors: History". Archived from the original on 11 July 2011. Retrieved 24 April 2011.
  7. ^ "Foreign & Colonial trust changes name to reflect its 'relevance in the modern world'". Investment Week. 7 March 2018. Retrieved 7 April 2024.
  8. ^ "Paul Niven". Trust.net. Retrieved 9 April 2016.
  9. ^ "Beatrice H.M. Hollond". Brown Advisory. Retrieved 7 April 2024.

Further reading

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