Foreign & Colonial Investment Trust
Encyclopedia
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
.
, 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.
.
Investment trust
An Investment trust is a form of collective investment found mostly in the United Kingdom. Investment trusts are closed-end funds and are constituted as public limited companies....
. It is listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and is a constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
.
History
The Company was founded by Philip RosePhilip Rose
Sir Philip Rose, 1st Baronet was the son of William Rose, an Assistant Surgeon in the British Indian Army and Charlotte Rose ....
, who also founded the Royal Brompton Hospital
Royal Brompton Hospital
Royal Brompton Hospital is the largest specialist heart and lung centre in the United Kingdom .The hospital is part of Royal Brompton & Harefield NHS Foundation Trust is a national and international specialist heart and lung centre based in Chelsea, London and Harefield, Middlesex...
, in 1868 as The Foreign & Colonial Government Trust: it was the first collective investment scheme
Collective investment scheme
A collective investment scheme is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group...
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
Graphite Capital
Graphite Capital Management is a private equity firm focused on middle market leveraged buyout investments, primarily in the UK. The firm also houses a fund of funds platform that invests in other private equity funds across Europe and the US...
, a leading UK private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
firm.
Operations
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 plcF&C Asset Management
F&C Asset Management Plc is a leading asset management company.Unlike many asset managers which are divisions of large financial firms such as banks, F&C Asset Management is a standalone publicly-listed asset manager. It is an active shareholder with a strong commitment to corporate social...
.
Further reading
- F&C – A History of Foreign & Colonial Investment Trust by Neil McKendrick and John Newlands, 1999.