The Wellcome Trust

[Dod101]

This charity does not I think get the attention that it deserves. The numbers are quite staggering. Assets at 30 September 2021, its last year end, were £36.2 billion, with an investment return for that year of 34.5%. Expense relating to investment management was £186 million, totally insignificant. Imagine the cost of Terry Smith managing the fund. Of course they are charging only the direct cost of managing the funds but even so.

Not only that, they have managed 15.2% per annum over the last 10 years.

They do not fundraise from the public and spend over £1 billion per annum on their charitable work.

Full details, just Google Welcome Trust Annual report.

[seagles]

did you mean Wellcome Trust?

[scotia]

Possibly the Wellcome Trust's finest hour was when it stepped up its support for the deciphering of the human genome, and so ensured that it would remain in the public domain - in spite of attempts by other parties to patent or commercialize the sequences.
Reading matter - https://www.nature.com/articles/d42859-020-00101-9
and https://wellcome.org/news/sir-john-sulston-and-human-genome-project

[Dod101]

did you mean Wellcome Trust?

Indeed I did as you will know I am sure. Thanks for the correction of the spelling.

Dod

[Dod101]

Possibly the Wellcome Trust's finest hour was when it stepped up its support for the deciphering of the human genome, and so ensured that it would remain in the public domain - in spite of attempts by other parties to patent or commercialize the sequences.
Reading matter - https://www.nature.com/articles/d42859-020-00101-9
and https://wellcome.org/news/sir-john-sulston-and-human-genome-project

Thanks. Very interesting. However as this is a finance forum I was hoping for some discussion on the success the Wellcome Trust has had in its investments over a very long period. Quite remarkable considering what the equivalent investment trusts have on the whole (not) managed to achieve. Partly I expect this is down to expenses but I should imagine that a great deal of its success is down to the fact that they do not have to keep looking over their shoulder at some benchmark nor what their competition is doing.

Dod