Foreign & Colonial Investment Trust is a publicly traded investment trust based in London. Led by Paul Niven, it is listed on the London and New Zealand Stock Exchanges. The company has assets under management of about £3.7bn and holds stakes in more than 500 companies in 35 countries worldwide.
It was founded in 1868 by Philip Rose, who also founded the Royal Brompton Hospital, as The Foreign & Colonial Government Trust - F&C 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 and first started investing in equities in 1925. In 1981, F&C launched Graphite Capital, a leading UK private equity firm. Foreign & Colonial Investment Trust is a subsidiary of F&C Asset Management.
Competition launched on trust's 150th anniversary
Board searching for new chairman
The board of the £3.6bn Foreign & Colonial investment trust is keen to make contact with anyone who has worked on the vehicle as it prepares to celebrate its 150-year anniversary next year.
Long live our noble investment trusts
As more established 'dividend heroes', including the giant Foreign & Colonial and Witan investment trusts, report rising dividends for more than 40 consecutive years, the Association of Investment Companies (AIC) has identified the up-and-coming funds...
Dividend up 3.2% on previous year
Managers stand firm as panic-selling continues
Paul Niven, manager of the £2.5bn Foreign and Colonial investment trust, said he has already started tapping into the resources on offer following BMO's acquisition of F&C earlier this year.
Almost one fifth of investment trusts have changed managers in the last 18 months as a result of retirements, departures and greater board scrutiny, according to the Association of Investment Companies (AIC).
Global trusts attracted the highest level of interest on the Association of Investment Companies'(AIC) website in the first quarter of this year.