F & C Investment Trust
British investment trust
From Wikipedia, the free encyclopedia
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]
Company type | Public |
|---|---|
| Industry | Investment management |
| Founded | 1868 |
| Headquarters | London, England |
Key people | Beatrice Hollond (Chair) Paul Niven (Fund manager) |
| Revenue | |
| Website | www.fandc.com |
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 is managed by Paul Niven of Columbia Threadneedle Investments.[8] The current chair is Beatrice Hollond.[9]