Baillie Gifford has appointed Mike Gush as co-manager of its Pacific Horizon investment trust alongside Gerald Smith, who will step down next year and become a director at the company.
Smith has been the manager of the trust since 1995. The board intends to invite him to become a director with effect from 1 February 2009, and it is anticipated that Gush will take over all responsibilities for running the trust at this time. Baillie Gifford believes that the period of co-management, alongside its team-based approach to stock-picking, should ensure a smooth transition of portfolio management responsibilities. Gush joined the firm in 2003, and has been part of its emerging markets team since 2005. He has worked closely with Smith on the management of global emerging m...
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