City of London Investment Trust

Last updated

City of London Investment Trust
Industry Investment trust
Founded1861
Headquarters
London, UK
Website Official site

City of London Investment Trust is a large British investment trust dedicated to investments in UK equities. Established in 1861, [1] the company is a constituent of the FTSE 250 Index; it is also listed on the New Zealand Stock Exchange. [2] The chairman is Sir Laurie Magnus, and the manager since 1991 has been Job Curtis. [3] The fund is managed by Janus Henderson. [4]

Contents

History

The company was formed as City of London Brewery Company Limited in 1860 to acquire Calverts, a family brewing business at Upper Thames Street in the City of London. [5] In 1932, the name was changed to The City of London Brewery and Investment Trust Limited, parts of the business having been sold and the proceeds invested in securities according to investment trust principles. [5] In 1968, the remaining part of the brewery business was sold and the Company concentrated exclusively on investments in securities. [5]

In 1970, the Company appointed Touche Remnant as Investment Manager and in 1982 the name was changed to TR City of London Trust PLC. In 1992, Touche, Remnant & Co. was acquired by Henderson Administration Group plc. The name of the company was changed to The City of London Investment Trust plc in October 1997. [6]

Related Research Articles

<span class="mw-page-title-main">Diageo</span> Multinational alcoholic beverages company

Diageo plc is a British multinational alcoholic beverage company, with its headquarters in London, England. It operates from 132 sites around the world. It is a major distributor of Scotch whisky and other spirits. Distilleries owned by Diageo, produce 40% of all Scotch whisky with over 24 brands, such as Johnnie Walker, J&B and Vat 69.

AIM is a sub-market of the London Stock Exchange that was launched on 19 June 1995 as a replacement to the previous Unlisted Securities Market (USM) that had been in operation since 1980. It allows companies that are smaller, less-developed, or want/need a more flexible approach to governance to float shares with a more flexible regulatory system than is applicable on the main market.

<span class="mw-page-title-main">Invesco</span> Global investment management company

Invesco Ltd. is an American independent investment management company that is headquartered in Atlanta, Georgia, with additional branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York stock exchange. Invesco operates under the Invesco, Trimark, Invesco Perpetual, WL Ross & Co and Powershares brand names.

Hays plc is a British multinational company providing recruitment and human resources services across 33 countries globally. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Old Mutual Limited is a pan-African investment, savings, insurance, and banking group. It is listed on the Johannesburg Stock Exchange, the Zimbabwe Stock Exchange, the Namibian Stock Exchange and the Botswana Stock Exchange. It was founded in South Africa by John Fairbairn in 1845 and was demutualised and listed on the London Stock Exchange and other stock exchanges in 1999. It introduced a new strategy, called 'managed separation', that entailed the separation of its four businesses – Old Mutual Emerging Markets, Nedbank, UK-based Old Mutual Wealth and Boston-based Old Mutual Asset Management (OMAM) – into standalone entities in 2018. This led to the demerger of Quilter plc and the unbundling of its shareholding in Nedbank. The business, which is now largely based in South Africa, provides sponsorship and supports bursaries at South African universities.

Henderson Group plc was a global investment management company with its principal place of business in the City of London. It merged with Janus Capital Group in May 2017 to create Janus Henderson.

<span class="mw-page-title-main">M&G</span> British fund management company

M&G plc is a global investment manager headquartered in the City of London. Since its de-merger from Prudential plc, it has been listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Investec is an Anglo-South African international banking and wealth management group. It provides a range of financial products and services to a client base in Europe, Southern Africa, and Asia-Pacific.

<span class="mw-page-title-main">London Stock Exchange Group</span> British financial services company

London Stock Exchange Group plc (LSEG) is a United Kingdom-based stock exchange and financial information company headquartered in the City of London, England. It owns the London Stock Exchange, Refinitiv, LSEG Technology, FTSE Russell, and majority stakes in LCH and Tradeweb.

Bankers Investment Trust is a large British investment trust dedicated to investments in major international businesses, particularly FTSE 100 companies. The company is a constituent of the FTSE 250 Index.

Witan Investment Trust plc is a multi-managed, global equity investment trust. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

RIT Capital Partners plc, formerly Rothschild Investment Trust, is a large British investment trust dedicated to investments in quoted securities and quoted special situations. Established in 1961, the company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Lord Rothschild has been president and Sir James Leigh-Pemberton chairman since September 2019.

Rathbones Group Plc is a UK provider of personalised investment management and wealth management services for private investors and trustees. This includes discretionary investment management, unit trusts, tax planning, trust and company management, pension advice and banking services. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

The Pacific Horizon Investment Trust is a publicly-traded investment trust. The Trust invests in the markets of the Asia Pacific region and of the Indian Sub-continent. The Trust is managed by Baillie Gifford, an Edinburgh-based investment management partnership. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Brightbay Real Estate Partners is a property investment business. It was listed on the London Stock Exchange as RDI REIT PLC, ticker symbol RDI. In May 2021, Starwood Capital Group acquired RDI REIT plc for £467.9M and it was reformed into Brightbay Real Estate Partners and remains a fully integrated Real Estate Investment Trust.

Paul Victor Falzon Sant Manduca was chairman of Prudential plc in the United Kingdom from July 2012 until December 2020. Manduca was awarded a Maltese Order of Merit in 2018.

Virgin Money UK plc is a holding company that owns Clydesdale Bank plc, which in turn trades as Clydesdale Bank, Yorkshire Bank and Virgin Money in the United Kingdom. It was formed as CYBG plc by National Australia Bank (NAB) in February 2016, in advance of the divestment of its UK business through a stock market flotation. It is listed on the London Stock Exchange and Australian Securities Exchange; it is also a constituent of the FTSE 250 Index.

Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors and institutional investors globally under the trade name Janus Henderson Investors.

Bellevue Healthcare Trust is a large British investment trust dedicated to investments in listed or quoted healthcare companies on a worldwide basis. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

European Smaller Companies Trust, formerly TR European Growth Trust, is a large British investment trust focused on investments in smaller European companies. Established in 1990, the company is a constituent of the FTSE 250 Index, an index of the larger companies on the London Stock Exchange. The company is manged by Janus Henderson and the chairman is Christopher Casey.

References

  1. ↑ "The City of London Investment Trust plc". Janus Henderson. Archived from the original on 9 November 2020. Retrieved 9 November 2020. Incorporation Date 26 Sep 1861
  2. ↑ "City of London Investment Trust". New Zealand Stock Exchange. Archived from the original on 24 August 2019. Retrieved 3 March 2020.
  3. ↑ "The City of London Investment Trust plc". Janus Henderson. Archived from the original on 9 November 2020. Retrieved 9 November 2020.
  4. ↑ "City of London Investment Trust". Trust.net. Archived from the original on 3 March 2020. Retrieved 3 March 2020.
  5. 1 2 3 "Calvert's Brewery". Light Straw. Archived from the original on 24 February 2020. Retrieved 28 February 2021.
  6. ↑ "Announcement Change of Name" (PDF). Janus Henderson City of London Investment Trust PLC. Retrieved 5 April 2023.


This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.