In letter to Baillie, The trustees of the Scottish Parliamentary Pension Scheme (SPPS) have written to and the firm that manages the fund asking that it divest from a bank sanctioned following Russia’s invasion of Ukraine.
Baillie Gifford reduces management fee on £1bn US Growth trust portfolio-adviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from portfolio-adviser.com Daily Mail and Mail on Sunday newspapers.
Baillie Gifford rides to 50% growth as big bets cash in
Baillie Gifford s Stuart Dunbar
When a money manager records 54% growth in assets under management in just one year, huge inflows or M&A activity are typically identified as catalysts.
But for Baillie Gifford Overseas Ltd., neither was the case. Rather, for the Edinburgh-based manager predominantly running equities at 92% of total AUM as of Dec. 31 big bets on longtime holdings of technology and high-growth stocks paid off. Assets grew to $430.9 billion as of Dec. 31, with worldwide institutional AUM up 48% to $355 billion. Also somewhat unusually for a large money manager these days, the firm does not offer exchange-traded funds.