City of London Investment Trust is a large British

investment trust An investment trust is a form of investment fund found mostly in the United Kingdom and Japan. Investment trusts are constituted as public limited companies and are therefore closed ended since the fund managers cannot redeem or create shares. ...

dedicated to investments in UK equities. Established in 1861, the company is a constituent of the

FTSE 250 Index The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septemb ...

; it is also listed on the New Zealand Stock Exchange. The

chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

is Sir Laurie Magnus, and the manager since 1991 has been Job Curtis. The fund is managed by

Janus Henderson 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 ...

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. 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. In 1968, the remaining part of the brewery business was sold and the Company concentrated exclusively on investments in securities. In 1970, the Company appointed

Touche Remnant Touche Remnant (TR) was an investment trust management company. Touche Remnant Investment Management Ltd was originally part of Touche Ross, became completely independent in 1974. By 1989 they had offices in London, New York and Tokyo. In 1985 they ...

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.

References

External links

Official site
Investment trusts of the United Kingdom Financial services companies established in 1861 1861 establishments in England Companies listed on the London Stock Exchange {{UK-finance-company-stub