Troy Awarded Electric & General Fund Mandate
In the press•Published date 05 May 2015
This new mandate will be run by Gabrielle Boyle, portfolio manager of the £100m Trojan Global Equity Fund, with support from the Troy investment team.
Commenting, Troy’s Chief Executive Sebastian Lyon said: “We are delighted to be appointed as investment manager of Electric and General, which has a long and enduring heritage and will fit well with our long-term investment approach.”
Gerry Aherne, Chairman of the independent board of directors of Electric and General, added: “The board is very pleased that Troy is to become the investment manager of Electric and General and considers the appointment to be in the best long-term interests of our investors. Having undertaken a comprehensive fund manager review we are impressed with Troy’s investment strategy and track record, which complements the fund’s objective of seeking to deliver consistent investment returns over the long-term.”
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About Troy Asset Management
Troy Asset Management Limited (“Troy”), established in 2000, is an independent fund management company specialising in generating consistent returns for investors. Troy aims to preserve and build investors’ wealth by constructing conservative portfolios for the long-term. Troy manages UK and Irish UCITS, including Trojan Fund, Trojan Income Fund, Trojan Global Equity Fund and Spectrum Fund. Investors include financial advisers, wealth managers, charities, and endowments. Troy is also investment adviser to Personal Assets Trust and manager of Troy Income & Growth Trust.
About Electric & General Investment Fund
Electric & General Investment Fund is an open ended investment company with variable capital (‘OEIC’) which invests in an international portfolio of companies selected for their growth and above average income prospects. The fund was created as a result of the unitisation of the Electric & General Investment Trust in August 2011. The history of the investment trust can be traced back as far as 1890, and since that time has invested on behalf of thousands of people worldwide.