City of London Investment Trust
IndustryInvestment trust
Founded1861
Headquarters
London, UK
WebsiteOfficial site

City of London Investment Trust (LSECTY) 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]

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]

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. ^ a b c "Calvert's Brewery". Light Straw. Archived from the original on 24 February 2020. Retrieved 28 February 2021.
  6. ^ "Certificate of Incorporation on Change of Name". Companies House. Retrieved 28 February 2021.