investment trust type public industry investment management founded 1989 headquarters edinburgh scotland uk key people ewan markson brown trust manager roderick snell deputy manager parent baillie gifford & co limited website www.pacifichorizon.co.uk the pacific horizon investment trust lse phi is a publicly traded investment trust listed on the london stock exchange . the trust invests in the markets of the asia pacific region excluding japan and of the indian sub continent . the trust is managed by baillie gifford & co limited the edinburgh based investment management partnership . history edit the company was incorporated on 1 february 1989 under the name of dealchief public limited company with an authorised share capital of 100 000 ordinary shares of 1 each . the company name was changed to pacific horizon investment trust plc on 18 july 1989 and its share capital altered so that by 31 july 1990 the company had authorised 60 000 000 ordinary shares of 10p each and 40 872 989 issued and fully paid ordinary shares of 10p each . dealing in the company s stock commenced on 22 september 1989 on the london stock exchange . its investment policy at the time was to achieve capital growth via investing in certain horizon economies of asia and the far east whose stock markets were in the process of opening up to greater inflows of foreign investment . as a consequence investment in japan australia new zealand hong kong singapore and malaysia was excluded . in 1992 at the end of the company s financial year the board decided to widen the company s investment objectives so as to embrace the whole of asia except japan . in addition baillie gifford & co limited were appointed as managers replacing tyndall international asia limited . consequently management of the trust moved from hong kong to edinburgh . 1 at an extraordinary general meeting of the company on 17 july 1995 it was agreed that the life of the company should be extended for a period of seven years . once again in 2002 shareholders agreed that the life of the company should be extended this time for a period of five years at which point a continuation vote would be called again . at the annual general meeting held on 24 october 2006 shareholders voted in favour of extending the life of the company for a further five years and to expand the investment remit to include the markets of the indian subcontinent . at the meeting held on 17 october 2011 shareholders approved the continuation of the company until the date of the next annual general meeting to be held in 2016 . references edit the independent external links edit pacific horizon investment trust website baillie gifford & co website trust magazine investment trust news expert analysis videos competitions and more from baillie gifford retrieved from https en.wikipedia.org w index.php title pacific horizon investment trust & oldid 723304063 categories investment trusts of the united kingdomcompanies established in 1989companies listed on the london stock exchangeinvestment management companies of the united kingdomcompanies based in edinburghhidden categories use dmy dates from november 2013use british english from november 2013 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 2 june 2016 at 07 41 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view