Baillie Gifford dominates star fund manager list

Baillie Gifford has ranked first in the 2022 FE fundinfo Alpha Manager List with a total of 13 of its fund managers making the prestigious list.

The firm finished ahead of Fidelity with 10 managers on the list, Comgest with eight, Jupiter Asset Management and Premier Miton with six, and Abrdn and Blackrock with five.

More than 50 fund managers joined the 2022 Alpha Manager List which is compiled each year by fund data and technology company FE fundinfo and recognises the top 10%of UK retail-facing managers, based on their entire career performance.

Overall, 52 new names were given the Alpha Manager title, with five from Baillie Gifford: Lee Qian, Kate Fox, Kirsty Gibson, Stephen Paice and Moritz Sitte.

“The new entrants include … Abby Glennie from Abrdn, whose Abrdn Smaller Companies Income Trust fund generated returns of nearly 23% in 2021, Kate Fox and Kirsty Gibson from Baillie Gifford and Rosemary Banyard from Valu Trac Investment Management …” said FE fundinfo.

“Despite a difficult year for Baillie Gifford, the Edinburgh-based asset manager saw the highest number of its managers make the 2022 Alpha Manager List.

“They were followed by Fidelity who slipped to second place and went from 11 Alpha Managers in 2021 to 10 in 2022.”

Charles Younes, Research Manager, FE Investments, said: “Although they have had a tumultuous year, the performance of Baillie Gifford’s managers has been impressive over the long term and has led to the highest number of its managers per group making the list.

“This is because although they have suffered from the market rotations … structurally they remain sound and have not altered their investment approach, being able to generate alpha returns.

“It is also interesting to see the impact of recent high-profile mergers have had on the list of groups this year.

“Premier Miton saw two boutiques successfully bringing their approaches together, while Abrdn too have joined the list through similar means.”

About the Author

Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.