 | |
| Company type | Public |
|---|---|
| Traded as | |
| Industry | Investment management |
| Founded | 1868; 156 years ago (1868) |
| Headquarters | London, England |
| Key people | Simon Fraser (Chairman) Paul Niven (Fund manager) |
| Revenue |  £106.6 million (2023) |
| Operating income | £96.2 million (2023) |
| Net income | £81.7 million (2023) |
| 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.
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 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, the company launched Graphite Capital, a leading UK private equity firm.
The company shortened its name from The Foreign & Colonial Investment Trust to F & C Investment Trust in 2018.
Operations
The company is managed by Paul Niven of F&C Asset Management. The current chair is Beatrice Hollond.
References
- ^ "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.
- ^ "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.
- "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.
