Caledonia Investments plc is a self-managed investment trust company based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The company which became Caledonia Investments was incorporated in 1928 as the Foreign Railways Investment Trust Ltd.[1] It was acquired by the Cayzer family in 1951 to hold their diverse interests and was renamed Caledonia Investments Ltd.[1] In 1955 Caledonia acquired the Cayzer family's interest in the British & Commonwealth Shipping Co. Ltd, formed out of the merger of Clan Line (started by the Cayzer family in 1881) and Union-Castle Line.[2] In 1960 the company was listed on the London Stock Exchange and in 1981 their name was changed to Caledonia Investments PLC. After their holding in British & Commonwealth was sold in 1987, Caledonia Investments became a diversified trading and investment company,[3] which in turn was converted into a UK Investment trust company on 1 April 2003.[4] The Cayzer family collectively owns some 48.5% of the share capital of Caledonia Investments plc.[5]
Operations
Caledonia is a self-managed investment trust. It takes significant holdings in listed equities, private companies and funds. Taking a long term investment approach, Caledonia Investments is a value investor with a global outlook. David Stewart is the chair and Mat Masters the chief executive.[6]
External links
References
- Have investment trusts been hit by a wall of assets? Fund Strategy, retrieved 29 March 2016^
- Cayzer family braced for Caledonia showdown Independent.co.uk, 7 June 2001, retrieved 6 February 2011^
- We are family: seven investment trusts where blood runs deep City Wire, 29 September 2015, retrieved 18 February 2023^
- Caledonia Investments beats index The Telegraph, 25 May 2011, retrieved 26 March 2016^
- Caledonia plays a patient game Shares Magazine, 20 June 2013, retrieved 29 March 2016^
- Caledonia exits AG Barr after 45 years Portfolio Adviser, 22 November 2022, retrieved 3 November 2022^