B Gifford’s biggest fund: most companies do not matter
By Mark McSherry The co-manager of Baillie Gifford’s flagship investment trust, the £13 billion Scottish Mortgage fund, has said that “most companies simply do not…
By Mark McSherry The co-manager of Baillie Gifford’s flagship investment trust, the £13 billion Scottish Mortgage fund, has said that “most companies simply do not…
By Mark McSherry Baillie Gifford’s £2.6 billion Monks Investment Trust plc said it is adjusting its portfolio “to ensure the Trust remains well-positioned for growth despite US…
The £450 million Baillie Gifford Shin Nippon investment trust said the company’s net asset value per share declined by 5.1% and its share price by…
Baillie Gifford’s £1 billion investment trust company Scottish American Investment Company (SAINTS) reported that its net asset value (NAV) total return of 6.1% “significantly lagged”…
Edinburgh-based investment group Baillie Gifford has welcomed the overwhelming shareholder votes at two of its investment trusts to defeat New York activist hedge fund Saba…
Baillie Gifford US Growth Trust plc announced that its shareholders have decisively voted against all the requisitioned resolutions from New York activist hedge fund Saba…
Baillie Gifford US Growth Trust plc — one of the seven investment trust companies currently under attack from New York activist hedge fund Saba Capital Management…
Two more investment trusts run by Baillie Gifford have urged shareholders to reject all proposals by New York hedge fund Saba Capital Management to remove the funds’…
By Mark McSherry Baillie Gifford’s £2.8 billion Monks Investment Trust plc said on Wednesday it reported a net asset value (NAV) total return of +6.3% for…
By Mark McSherry The £310 million Baillie Gifford UK Growth Trust showed more evidence of an ongoing recovery under managers Iain McCombie and Milena Mileva…
By Mark McSherry Lisbon-based Tekever, which provides “drone-based Intelligence-as-a-Service,” announced that it raised €70 million in a funding round led by Edinburgh-based investment firm Baillie Gifford and…
Question 7 by Australian writer Richard Flanagan has been named winner of the £50,000 Baillie Gifford Prize for Non-Fiction 2024. Flanagan is currently trekking in…
Pensions & Investment Research Consultants Ltd (PIRC), the UK-based corporate governance and proxy voting consultancy, has announced big changes to its leadership team. The changes will…
By Mark McSherry Baillie Gifford’s £1 billion investment trust Scottish American Investment Company (SAINTS) said its net asset value (NAV) total return was 5.5% for the…
Baillie Gifford’s $1.2 billion Schiehallion Fund — which invests in private businesses that may go public — has reported that its ordinary share net asset value…
The £550 million Baillie Gifford Shin Nippon investment trust said the company’s net asset value per share declined 14.9% and its share price fell 20.5%…
Baillie Gifford’s £1 billion investment trust Scottish American Investment Company (SAINTS) reported that its share price total return was 8.2% and net asset value total return…
By Mark McSherry Baillie Gifford’s £2.4 billion Monks Investment Trust plc said it has continued with “a run of poor relative returns that began two years…
The managers of the £380 million Baillie Gifford European Growth Trust plc admitted their investment style “is very much out of favour” and they have “undoubtedly…
By Mark McSherry Edinburgh-based investment giant Baillie Gifford revealed on Monday that its assets under management and advice have fallen again — this time to…
The £609 million Baillie Gifford US Growth Trust plc said its share price and net asset value (NAV) returned -13.8% and -2.7% respectively in the year…
Baillie Gifford has hit back strongly against climate activist Greta Thunberg who has pulled out of the Edinburgh International Book Festival alleging that the Edinburgh investment…
By Mark McSherry — Baillie Gifford’s £950 million investment trust Scottish American Investment Company (SAINTS) has extended the company’s record of dividend increases to 49 consecutive years. The…
By Mark McSherry — The £200 million Baillie Gifford China Growth Trust plc said “the risk of a Lehman’s style moment in China is very low” as…
By Mark McSherry As fund manager James Anderson leaves Edinburgh-based investment giant Baillie Gifford after almost 40 years, he has shared more of his thoughts…
Edinburgh-based investment giant Baillie Gifford said it has launched a UK open-ended investment company (OEIC) version of its successful Dublin-registered Health Innovation fund “to invest in…
Baillie Gifford’s £3 billion Monks Investment Trust plc said on Tuesday it produced a net asset value (NAV) total return of 26.8% compared to an increase of 10.2% for the…
By Mark McSherry Baillie Gifford, Tesla’s largest outside shareholder, said on Wednesday it has been forced to trim its position in the electric vehicle maker…
By Mark McSherry Edinburgh asset management giant Baillie Gifford and other major shareholders of Chinese e-commerce behemoth Alibaba Group Holding have swapped billions of dollars…
By Mark McSherry Financial industry leaders on Tuesday set out ambitious plans to unlock growth in Scotland’s investment management sector with a plan to double assets…
Edinburgh and Glasgow have boosted their positions as leading global financial centres, according to the latest Z/Yen Global Financial Centres Index, the leading measure of…
The Association of Investment Companies (AIC) has launched a campaign to ensure all investors can exercise their right to vote their shares amid the attack…
The board of Herald Investment Trust plc announced that requisitioned resolutions to oust the current board put forward by US activist hedge fund Saba Capital…
Baillie Gifford’s £800 million Edinburgh Worldwide Investment Trust — one of the seven investment trust companies currently under attack from New York activist hedge fund…
The Association of Investment Companies (AIC) has written to the Financial Conduct Authority (FCA) to raise concerns about protection of retail shareholders’ interests follows the attack…
Analysts at Investec have described the attack by US activist hedge fund Saba Capital Management on seven UK investment trust companies as “an egregious and…
The Association of Investment Companies (AIC) has written to the major retail investment platforms urging them to make their customers aware of the general meetings…
By Mark McSherry Baillie Gifford’s £800 million Edinburgh Worldwide Investment Trust said a requisition notice from New York hedge fund Saba Capital Management for a general…
By Mark McSherry New York hedge fund Saba Capital Management said it has requisitioned the boards of seven UK investment trusts “to convene general meetings of…
The UK’s Investment Association (IA) is staging a new flagship event, the IA Scottish Investment Conference, at the Edinburgh International Conference Centre (EICC) on Tuesday….
By Mark McSherry Baillie Gifford’s troubled £730 million Edinburgh Worldwide Investment Trust has announced changes to its team structure and investment process in an effort to…
By Mark McSherry Baillie Gifford’s flagship investment trust, the £13.5 billion Scottish Mortgage fund, said it cashed in some of its huge profits from the…
By Mark McSherry Scottish Financial Enterprise announced it will partner with The City of London Corporation to deliver a flagship summit in Edinburgh next year…
Edinburgh investment giant Abrdn has welcomed the news that the UK government and the Financial Conduct Authority (FCA) have temporarily exempted investment trusts from complying…
KPMG’s latest UK Financial Services Sentiment Survey of 150 industry leaders found that 90% of them plan to increase their footprint outside of London in…
Baillie Gifford’s flagship investment trust, the £14 billion Scottish Mortgage fund, bounced back in the year to March 31, 2024, delivering a share price return…
US hedge fund and activist investor Elliott Investment Management has acquired a 5.037% exposure stake in Baillie Gifford’s £14 billion flagship fund, the Scottish Mortgage…
Baillie Gifford’s flagship investment trust, the £14 billion Scottish Mortgage fund, announced it will make at least £1 billion available to buy back its shares over…
Only 12% of investment trust managers are female, according to research from the Association of Investment Companies (AIC). This figure remains unchanged since 2022 and…
The International Corporate Governance Network (ICGN), a group of international institutional investors with $77 trillion of assets, have warned that proposed reforms to company listing…
Alliance Trust plc, the £3.4 billion Dundee fund, announced that Gregor Stewart will retire from the board and as chair of the investment trust company…
Trade body Scottish Financial Enterprise (SFE) has launched “Scotland’s new vision for financial services: a sector growth strategy using our technology and ecosystem advantage.” The plan aims to unlock…
The board of the £13 billion Scottish Mortgage Investment Trust announced the appointment of Stephanie Leung as independent non-executive director of the closed end fund…
Scotland has returned to its historic position as the top location for financial services foreign direct investment (FDI) in the UK outside of London, according…
The £13.3 billion Scottish Mortgage Investment Trust, Baillie Gifford’s flagship fund, has reiterated its commitment to investing in “exceptional growth companies” despite announcing share price and net…
Former Baillie Gifford and Scottish Mortgage fund manager James Anderson has joined an investment management firm backed by the Agnelli Italian industrial dynasty. Anderson has joined…
The giant Scottish Mortgage Investment Trust announced on Wednesday the appointment of Sharon Flood and Vikram Kumaraswamy as independent non-executive directors of the company, with…
Amar Bhidé, the director who said he was removed by a vote of the board at the £13.4 billion Scottish Mortgage Investment Trust, has revealed he…
Scottish Mortgage Investment Trust, Baillie Gifford’s flagship fund, on Tuesday announced big changes to its board following claims last week by one departing director, Amar…
A director of Scottish Mortgage Investment Trust, Baillie Gifford’s flagship fund, has told Scottish Financial Review he was “removed” from the board of the £13.4…
Scotland’s national digital skills academy CodeClan and specialist recruitment firm Eden Scott have formed a partnership to “deliver tech talent to Scotland plc.” The tie-up…
Ahead of the Six Nations rugby starting this weekend, new data from social investing network eToro shows that the strongest XV Scotland-headquartered stocks have easily…
By Mark McSherry — Former Baillie Gifford fund manager James Anderson has made a gift of $100 million to Johns Hopkins University’s School of Advanced International…
By Mark McSherry — The half-year report from the £14 billion Scottish Mortgage Investment Trust plc is another sobering read from the giant closed-end fund which…
Scottish Mortgage Investment Trust, Baillie Gifford’s flagship fund, on Friday reported its net asset value per share (NAV) fell almost 18%, with borrowings at book value, for…
Morningstar has reported that outflows from UK-domiciled funds hit a new record in September as investors withdrew £11.25 billion – the biggest outflow in 10…
Baillie Gifford’s £2.5 billion Monks Investment Trust plc announced it has agreed a proposed combination of the company with the assets of the much smaller Independent Investment…
Baillie Gifford’s £15 billion flagship fund Scottish Mortgage has revealed it carried out 351 revaluations on the private companies it holds in the first half…
Scottish Mortgage Investment Trust once again retained its title as the most-popular investment trust among Interactive Investor customers in May, despite the fund’s high-flying share price…
By Mark McSherry Scottish Mortgage Investment Trust has admitted it made a “mistake” in reducing its holdings of western online platform companies rather than their…