TIGUE: ITs are more competitive today and there is more pressure on managers'

INVESTMENT TRUSTS

As Jeremy Tigue steps down from running the Foreign & Colonial investment trust after a 17-year stint, he tells Hardeep Tawakley what the future holds for the 146-year old trust, and how the oldest trusts in the world have evolved since the 1800s.

Jeremy Tigue will end his role as the longstanding manager of the highly rated Foreign & Colonial investment trust next month. Tigue, one of the longest serving managers in the sector, has played an important role in the history of the fund, which he has run since 1997. For much of that period, the cautiously managed portfolio has returned solid, although admittedly unspectacular, results for investors. During his tenure, Tigue has managed to return 229% to investors although, on a more short-term basis, the fund has underperformed its benchmark. Over three years to 4 June, the fund r...