Globe Investment Trust

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Globe Investment Trust
Type Public
IndustryInvestment Trust
Founded1873
Defunct1990
FateAcquired
Successor British Coal Pension Fund
Headquarters London, UK
Key people
Sir David Hardy, (Chairman)
Jimmy West, (Managing Director)

The Globe Investment Trust plc was a very large British investment trust. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. The trust's portfolio included a mix of large, medium, and small-cap stocks across a range of sectors and regions. It was suitable for investors who are looking for international diversification and a long-term investment horizon.

History

The Company was founded in 1873 as an investment trust dedicated to international equities. [1] It was managed by Charterhouse Group. [2]

In July 1990 the British Coal Pension Fund launched a hostile and ultimately successful takeover bid paying £1.1bn for what was at the time the United Kingdom's largest investment trust. [3]

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