Scottish Mortgage retains spot on II buylist despite ‘mastermind’ James Anderson’s departure
II says incoming deputy manager Lawrence Burns is an ‘ideal fit’ for the £17bn trust
Scottish Mortgage has retained its place on Interactive Investor’s ‘Super 60’ rated list despite the impending retirement of star manager James Anderson.
Scottish Mortgage co-manager Tom Slater will continue to run the trust alongside newcomer Lawrence Burns who was promoted to deputy manager last month in anticipation of Anderson’s retirement.
Anderson has worked for Baillie Gifford for nearly four decades, managing Scottish Mortgage for the last 21 years. Over five years, the trust has returned 366%, compared to the IT Global average of 108%.