Baillie Gifford News

29.11 / 15:39

CEO Platform performer reports Baillie Gifford UK Growth trust exits Hargreaves Lansdown over 'management missteps'

In the trust's half year report published today (29 November), managers Iain McCombie and Milena Mileva said: «We have been disappointed by the performance of this leading savings platform business in recent years, as a number of management missteps have ultimately led to disappointing inflows into their platform in comparison to the other platform businesses owned in the portfolio such as Integrafin and notably AJ Bell.» Despite some optimism about the company's CEO, Dan Olley, who joined in August 2023, the Baillie Gifford trust managers argued the issues highlighted «would take time ...

13.11 / 08:59

MSCI Baillie Gifford China Growth unveils performance-related tender offer

Under the terms of the tender, released via a stock exchange notice today (13 November), if BGCG's net asset value total return did not exceed the total return of its benchmark – the MSCI China All Shares index- in sterling terms between 29 November 2024 and 30 November 2028, the tender offer will be held «as soon as practicable thereafter», it said. The board noted that a tender offer in December 2028 will give both the trust and its manager, Baillie Gifford, «appropriate time to outperform against its benchmark», and if it is not able to do so, shareholders will be able to take advanta...

12.04 / 17:07

markets Career Research reports Relationships Jennison hires former Redington research head and Baillie Gifford director for EMEA business

Former Redington head of manager research Nick Samuels joined as managing director and client portfolio manager for EMEA on 1 April. Samuels' role involves supporting the firm's client relationships across EMEA and he will report to managing director and lead client portfolio manager for EMEA Raj Shant. Jupiter AM makes double hire to join Savvides on UK Special Situations fund Before his eight-year tenure at Redington, Samuels served as a global equity researcher at SEI Investments. Additionally, his career started in 2000 on the emerging markets team at Schroders. Shant said: «Ni...

15.02 / 14:43

inflation companies Investment trusts People moves Global Equities Annual results Baillie Gifford Scottish American manager Toby Ross steps down from trust

SAINTS noted the share price return had been generally affected by the broadening of discounts that is common among investment trusts currently.

13.02 / 13:59

companies Fidelity industry jp morgan Jupiter FE fundinfo awards Alpha rating to 18 managers

The list recognises the top 10% of UK retail-facing managers, based on performance over their entire career, FE fundinfo explained.

24.01 / 17:19

BlackRock UK companies bonds Baillie Gifford to shutter four bond funds and scrap international fixed income business

The round of layoffs is expected to affect dozens of the Edinburgh-based asset manager’s 2,000 staff.

11.01 / 11:47

ESG Asset Managers JPMorgan Asset Management asset manager Top asset manager backing for shareholder ESG resolutions crashes in 2023

Votes from major asset managers in support of social resolutions also declined significantly last year to just 4%, down from 15% the previous year | Credit: iStock

10.01 / 13:40

Fund managers Baillie Gifford adds European fund co-manager amid performance challenges

Howarth joined the current fund managers Chris Davies and Stephen Paice on 1 January.

08.12 / 15:59

NVIDIA Results Investment trusts Investment Trust Monks laments 'bruising' underperformance period as managers reposition portfolio

Over the reported period, the managers invested in semiconductor related companies they consider to be the 'picks and shovels' of the sector.

05.12 / 14:51

UK Investment trusts funds Unit trusts/OEICs ETFs Income fund favourites jostle with more adventurous rivals in ii's November most bought

Investors in trusts returned to a familiar favourite in Scottish Mortgage, which reclaimed the head of the rankings after being knocked into second place last month by City of London

05.12 / 14:51

Abrdn Unit trusts/OEICs Wellington Management Artemis Baillie Gifford and EdenTree funds lose Square Mile A rating

In November, two strategies also retained their ratings from Square Mile.

01.12 / 14:01

Investment trusts Baillie Gifford UK Growth NAV slumps 12% as discount widens

Managers Iain McCombie and Milena Mileva said it was 'disappointing to report another period of poor portfolio performance'.

27.11 / 11:29

BlackRock Fidelity jp morgan funds Unit trusts/OEICs Vanguard Saxo adds funds offering to its platform in UK

Charlie White-Thomson (pictured) is CEO of Saxo.

10.11 / 13:47

funds Baillie Gifford closes Investment Grade Long Bond fund

A spokesperson for Baillie Gifford said that as these schemes have matured investors have sold out of the fund “leading to a decrease in its AUM”.

03.11 / 14:45

UK companies funds Unit trusts/OEICs ETFs Jupiter Pridham Report: BlackRock remains on top even as net sales sag 40%

BlackRock’s best seller throughout the quarter was the iShares North American Equity Index, which attracted record inflows from retail investors.

02.11 / 10:57

Investment trusts AIC buyback programme Schiehallion launches $20m buyback programme

The trust said its board and investment manager, Baillie Gifford, are focused on “maximising returns” for shareholders.

21.09 / 11:09

COST UPS Provident Lowe's Chase track Some big investors are skeptical on direct lending craze

Private credit is going through a golden era, according to its fans, but a handful of asset managers are refusing to be dazzled by the biggest part of the booming $1.5 trillion market: direct lending.

11.09 / 08:13

Investment trusts Alternatives share price Schiehallion share price falls 28% despite year-on-year losses narrowing

C shares in the vehicle performed better, down 19.4% over H1, although the discount to net asset value deepened to 50.4%.

10.08 / 13:29

Investment trusts Baillie Gifford US Growth trust: 'We are dissatisfied with our five-year performance'

Kirsty Gibson (pictured) manages the Baillie Gifford US Growth trust alongside Gary Robinson.

07.08 / 14:51

Fossil fuels ESG Baillie Gifford hits back at Greta Thunberg's 'greenwashing' accusations

Baillie Gifford has hit back at Thunberg’s accusations, saying it is not a 'significant fossil fuel investor'.

01.08 / 14:23

companies funds assessment of value reports Benchmarks Baillie Gifford reports first firm-wide underperformance of benchmarks since 2009

One of the four funds holding red ratings for two years running, Baillie Gifford British Smaller Companies was closed on 27 June 2023 after failing to prove it provided value overall.

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