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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.