F&C's Fraser and Niven: This is an appropriate time to recognise investment trusts are unique

Celebrating 150th anniversary

Jayna Rana
clock • 7 min read

Simon Fraser and Paul Niven, chairman and fund manager respectively of the £3.5bn F&C Investment Trust, talk to Jayna Rana about how they are celebrating the 150th anniversary of the world's oldest trust, the value of independent boards and dealing with the challenges of regulation.

It is a special time for the investment company universe as 19 March 2018 marks 150 years since the launch of the world's oldest fund - the F&C Investment Trust - and thereby the birth of the closed-ended sector.  The trust has had ten managers during its lifetime, with current manager Paul Niven, head of multi-asset investment at BMO Global Asset Management, having run the portfolio since 2014. Launched in 1868, the vehicle has survived two World Wars and many a stock market crisis. It has also evolved over that period; most recently the trust was renamed as the F&C Investment ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot