Globe Investment Trust
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.
| Type | Public |
|---|---|
| Industry | Investment Trust |
| Founded | 1873 |
| Defunct | 1990 |
| Fate | Acquired |
| Successor | British Coal Pension Fund |
| Headquarters | London, UK |
Key people | Sir David Hardy, (Chairman) Jimmy West, (Managing Director) |
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
- Globe Investment Trust at the National Archives
- SEC Information
- Closed-End Funds Open Plays for the Intrepid Investor International Herald Tribune, 21 January 1995
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