Globe Investment Trust
TypePublic
IndustryInvestment Trust
Founded1873
Defunct1990
FateAcquired
SuccessorBritish Coal Pension Fund
HeadquartersLondon, 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]

References


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.