Baillie Gifford's James Budden: 'The star manager? Not for us'

Edinburgh-based Baillie Gifford is unique to most of its peers in that it is wholly independent, owned by its 44 partners. It started as a law firm when it was founded in 1908 before switching its emphasis to investment, growing to the £196bn in assets under management it has today. James Budden, director of marketing and distribution, has worked for the firm for the past ten years, during which he has been tasked with broadening its retail offering and, as a result, the firm has emerged as one of the key players in this area; every one of its products has posted positive returns over th...