Electric and General Investment Fund

Gabrielle Boyle, Investment Director and Head of Research at Troy Asset Management, serves as the fund manager. She has managed global equity portfolios since 2001 and European portfolios since 1998. Boyle joined Troy in 2011 after 17 years at Lazard Asset Management, where she was a Senior Managing Director.

The fund operates as a publicly listed investment trust, structured as a public limited company. Its shares trade on an exchange, but the day-to-day portfolio management is outsourced entirely to Troy Asset Management under a delegation agreement. The fund's board provides independent oversight of the investment manager's performance.

Troy Asset Management serves as the fund's external investment manager, responsible for all portfolio decisions. Gabrielle Boyle and George Viney, both of Troy, manage the strategy. The trust itself retains an independent board — currently including Simon Longfellow and Nicholas Rundle — to govern the fund and monitor Troy's execution.

The fund operates as a long-only direct equity investor, building a concentrated portfolio of publicly traded global companies. It does not function as a fund-of-funds, nor does it allocate to private equity or venture capital vehicles based on its disclosed strategy.

Boyle and her team seek resilient and adaptable businesses that can survive inevitable economic and structural change. The strategy targets companies with durable competitive advantages and strong balance sheets, focusing on long-term compounding rather than short-term market timing or macroeconomic bets.