public industry investment management founded 1929 headquarters edinburgh scotland uk key people charles plowden trust manager spencer adair malcolm maccoll deputy managers parent baillie gifford & co limited website www.monksinvestmenttrust.co.uk monks investment trust lse mnks was incorporated in 1929 and was one of three trusts founded in the late 1920s by a group of investors headed by sir auckland later lord geddes . the other two trusts were the friars investment trust and the abbots investment trust . the company secretary s office was at 13 14 austin friars in the city of london hence the names . sir auckland geddes was a former professor of anatomy who during the first world war had become director of recruiting at the war office . he then went on to become a unionist mp and a cabinet minister as president of the board of trade . monks first investments included large holdings of railway and energy companies in the uk usa germany australia and south america and also investments in chinese government bonds and hungarian bonds . the geographic split in the first year was 29 % uk 18 % europe 13 % the commonwealth 10 % usa 12 % latin america 6 % asia 2 % africa and the remainder in other international markets . half was invested in ordinary shares and half in fixed interest stocks and preference shares . in 1931 baillie gifford & co took over the management of all three companies and monks became a founder member of the association of investment trusts in 1932 of which carlyle gifford the co founder of baillie gifford & co was deputy chairman . before the second world war there were two issues of debenture stocks in 1933 and 1935 . by 1935 the uk portion had risen to 46 % and investments in ordinary shares accounted for 59 % . there were restrictions on foreign holdings during the second world war and by 1957 investment in the usa had increased to 31 % . in 1968 under a scheme of arrangement the three trusts were merged with monks acquiring the ordinary share capital of friars and abbots . monks continues to invest on an international basis with a view to achieving capital growth . external links edit monks investment trust website baillie gifford & co website trust magazine investment trust news expert analysis videos competitions and more from baillie gifford v t e ftse 100 ftse 250 companies of the united kingdom 3i infrastructure aa aberdeen asset management aberforth smaller companies trust acacia mining aggreko aldermore group alliance trust allied minds amec foster wheeler ao world ascential ashmore group assura atkins auto trader group aveva balfour beatty bankers investment trust barr a.g. bba aviation beazley group bellway berendsen berkeley group holdings bank of georgia bh macro big yellow group b & m european retail value bodycote booker group bovis homes group brewin dolphin holdings british empire trust britvic brown n. btg plc cairn energy caledonia investments capital & counties properties card factory carillion centamin cineworld city of london investment trust clarkson close brothers group cls holdings cmc markets cobham computacenter countryside properties countrywide cranswick crest nicholson cybg daejan holdings dairy crest debenhams dechra pharmaceuticals derwent london dfs dignity diploma domino s pizza drax group dunelm group edinburgh investment trust electra private equity electrocomponents elementis entertainment one essentra esure euromoney institutional investor evraz f & c commercial property trust fidelity china special situations fidelity european values fidessa group finsbury growth & income trust firstgroup fisher james & sons foreign & colonial investment trust g4s galliford try gcp infrastructure investments genesis emerging markets fund genus go ahead group grafton group grainger great portland estates greencoat uk wind greencore greene king greggs gvc holdings halfords group halma hansteen holdings harbourvest global private equity hastings group hays henderson group hicl infrastructure company hill & smith hiscox hochschild mining homeserve howdens joinery hunting ibstock icap ig group holdings imi inchcape indivior inmarsat intermediate capital group international personal finance international public partnerships investec ip group jardine lloyd thompson jd sports john laing group john laing infrastructure fund jpmorgan american investment trust jpmorgan emerging markets investment trust jpmorgan indian investment trust jrp group jupiter fund management just eat kaz minerals keller kennedy wilson europe real estate kier group ladbrokes laird lancashire holdings londonmetric property man group marshalls marston s mccarthy & stone meggitt mercantile investment trust metro bank millennium & copthorne hotels mitchells & butlers mitie moneysupermarket.com group monks investment trust morgan advanced materials murray international trust national express group nb global ncc nmc health ocado group onesavings bank p2p global investments pagegroup paragon group of companies paypoint paysafe pennon group perpetual income & growth investment trust personal assets trust petrofac pets at home phoenix group holdings playtech polar capital technology trust polypipe premier farnell pz cussons qinetiq rank group rathbone brothers redefine international redrow regus group renewables infrastructure group renishaw rentokil initial restaurant group rightmove rit capital partners riverstone energy rotork rpc group safestore saga savills scottish investment trust scottish mortgage investment trust segro senior serco shaftesbury shawbrook bank sig plc smith ds smurfit kappa group softcat sophos spectris spirax sarco engineering spire healthcare sports direct ssp group stagecoach group st. modwen properties supergroup svg capital synthomer talktalk group tate & lyle ted baker telecom plus temple bar investment trust templeton emerging markets investment trust thomas cook group tritax big box reit tr property investment trust tullett prebon 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