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Electric and General Investment Fund
Gabrielle Boyle runs the Electric and General Investment Fund, a Troy Asset Management-advised global equity trust hunting resilient compounders.
Electric and General Investment Fund
The Electric and General Investment Fund is an investment trust structured as a public limited company, with its shares traded and its investment management delegated entirely to Troy Asset Management. The fund seeks durable compounding by investing in a concentrated portfolio of global equities. It targets companies with strong balance sheets and adaptive business models capable of navigating an unpredictable environment. Boyle deploys a long-only equity strategy that concentrates on high-quality global franchises. The trust's approach favors resilience and adaptability over short-term macroeconomic calls, focusing on businesses that can sustain competitive advantages through cycles. Confirmed portfolio holdings and precise geographic splits are not publicly enumerated in available materials, but Boyle's mandate spans developed and emerging markets, drawing on the same research platform that supports Troy's broader global equity strategies. Oversight falls to a board led by independent directors Simon Longfellow (appointed July 2023) and Nicholas Rundle (appointed August 2017). Fund administration is handled by Yealand Fund Services Limited in Peterborough. The trust does not operate separate affiliated vehicles, philanthropic arms, or co-investment clubs based on available disclosures. A genuine structural differentiator for the trust lies in its pure delegation of investment authority to an external manager — a model that separates board governance from portfolio execution. Unlike single-family offices or in-house asset managers, Electric and General's board provides oversight of Boyle and Troy Asset Management's performance without direct involvement in stock selection, creating a distinct accountability layer between shareholders and the underlying strategy.
General information
Firm type
Trust / Investment Trust
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
London, United Kingdom
Principals
Gabrielle Boyle
Investment Director and Head of Research, Troy Asset Management; Fund Manager, Electric & General Investment Fund
George Viney
Senior Fund Manager, Troy Asset Management
Simon Longfellow
Independent Director
Nicholas Rundle
Independent Director
Frequently asked questions
Who makes the investment decisions at 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.
How is the Electric and General Investment Fund structured?
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.
What is the relationship between Electric and General Investment Fund and Troy Asset Management?
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.
Does the fund make direct investments or commit to external funds?
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.
What is the investment philosophy of the fund?
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.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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