Английская Википедия:AVI Global Trust
Шаблон:Short description Шаблон:Use dmy dates Шаблон:Infobox company AVI Global Trust is a London-based British investment trust. The company is a constituent of the FTSE 250 Index.[1] The chairman is Graham Kitchen.[2]
History
The company was established in 1889 as the Transvaal Mortgage Loan and Finance Company,[3] led by chairman W.J. Thompson,[4] and invested in what is now South Africa.[3]
It was renamed the British Empire Land Mortgage and Loan Company in 1906, and British Empire Securities and General Trust in 1964.[5]
Asset Value Investors, an employee-owned management company, was established to manage the firm, then valued at £6 million, in 1985.[6]
The company's goal of acquiring other companies trading below their Net Asset Value led it to attempt takeovers of other investment trusts trading at a discount.[3] In 1986, the company acquired Ashdown Investment Trust for £66 million.[7] In 1989, it mounted a hostile takeover bid for Schroder Global Trust: it had been building up a stake in the target company over a two-year period.[8] In 1995, it acquired the Selective Assets Trust (formerly the Edinburgh Assets Trust)[9] for £42 million.[7]
It simplified its name from British Empire Securities and General Trust to British Empire Trust in 2015.[5]
In 2016, the activist US hedge fund, Elliott Management Corporation, built up a large stake in the company.[10][11][12][13] The investment was seen as one of Elliott's successful investment positions in the UK.[14]
It changed its name from British Empire Trust to AVI Global Trust in May 2019.[15][16]
Between 2019 and 2020, the company invested heavily in SoftBank Group and other Japanese stocks.[17] The company's strategy has been to take advantage of Softbank's share buyback programme.[18][19] This has supported the company's market capitalisation on the London Stock Exchange which was £751 million in July 2020.[20] It has also built up a significant holding in Pershing Square Holdings, a hedge fund.[21]
ESG Investing
AVI became signatories of the Principles for Responsible Investment (PRI) in April 2021.[22]
References
Further reading
External links
Шаблон:FTSE 250 Index constituents
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ 3,0 3,1 3,2 Шаблон:Cite news - via ProQuest.
- ↑ Шаблон:Cite book
- ↑ 5,0 5,1 Шаблон:Cite book
- ↑ Шаблон:Cite web
- ↑ 7,0 7,1 Шаблон:Cite web
- ↑ Schroder and British Empire set to lock horns in bid battle Glasgow Herald, 4 February 1989
- ↑ Edinburgh Assets Trust Oldest Scottish Companies
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
- Английская Википедия
- Investment trusts of the United Kingdom
- British companies established in 1985
- Financial services companies established in 1985
- Companies listed on the London Stock Exchange
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