City
of London Investment Group Company Information
About
The City of London Investment Group Company
City
of London Investment Group is an emerging markets fund management
group based in the UK, the USA and Singapore.
History
City
of London was formed in the early 1990s as a subsidiary of a stockbroking
business, Olliff & Partners (O&P) which was founded in 1987
by City of London's Chief Executive, Barry Olliff. O&P was an
agency stockbroker and corporate finance house specialising initially
in the UK investment trust sector. During the late 1980s, O&P
started broking the developing closed-end country fund arena. The
focus was on London listed emerging market funds and a detailed
database was developed covering this under-researched area.
By
1991, the country fund and emerging markets activities had become
O&P’s major focus, supported by a growing investor interest
in emerging markets around the world. As a direct result, O&P
became one of the leading brokers focusing on emerging markets closed-end
funds.
Against
this background and market position, O&P developed a fund management
business focusing on emerging market country funds called City of
London Unit Trust Managers Limited. The first City of London product,
a UK authorised unit trust was launched in September 1991 –
The Emerging Markets Country Trust.
Since 1991, the fund management activities of City of London have
developed rapidly and assets under management reached almost US$1bn
by August 1997. As a consequence of the growth of the fund management
business, O&P’s broking activities ceased in May 1997.
Funds
under Management
From
a modest beginning with just £200,000 (US$300,000 approx.)
under management in September 1991, funds under management grew
very rapidly for City of London Investment Group. By early 1997,
as total funds under management had grown to around 1% of our investment
universe, City of London had become one of the largest institutional
investors in emerging market closed-end funds in the world.
Investment
Awards
Since its inception in September 1991, their UK authorised unit
trust, The Emerging Markets Country Trust and its manager have won
a number of performance awards.
Year
Period Award Place Category
1997 Five Years Investment Intelligence 1st Best Group Weighted
Performance
1996 Five Years Micropal 1st UK Unit Trust Emerging Market Sector
1993 One Year Micropal 1st International Equity Growth
1993 One Year Micropal 1st Global Equity Funds
1992 One Year Micropal 2nd International Equity Growth
Investment
Offices
City of London Investment Group operates from three locations. From
their UK base in London, they undertake research and investment
into the emerging market closed-end funds that are listed in London,
Europe, Africa and the Middle East. Their US office undertakes research
and investment into the funds that are listed on the New York Stock
Exchange, Latin America and Canada. Their Singapore office undertakes
research and investment into the funds that are listed in Asia.
From
these three locations, they are able to meet regularly with the
fund managers for research and with the Board of Directors to address
any relevant corporate issues.
US
Marketing
Rich Murphy
North Bridge Capital
45 School Street
Boston, MA 02108
US Client Servicing
City of London
The Barn
1125 Airport Road
Coatesville
PA 19320
USA
UK Office
Mr. Oliver Marschner
City of London
10 Eastcheap
London EC3M 1LX
Singapore Office
City of London
Level 15, Prudential Tower
30 Cecil Street
Singapore 049712
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