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.

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


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