'Well planned' retirement of Anderson may 'unsettle' some but fund industry backs Baillie Gifford

Growth selloff coincidence rather than cause

James Baxter-Derrington
clock • 3 min read

James Anderson’s retirement from the industry after 39 years with Baillie Gifford and 21 years as manager of Scottish Mortgage may be “unsettling to some”, but investors should be reassured by the firm's “strong culture”, investment industry commentators have said.

Senior investment manager at Brewin Dolphin John Moore described Anderson as one of the "best fund managers of his generation", who "returned Scottish fund management and the investment trust industry to the spotlight for all the right reasons". Nick Wood, head of investment fund research at Quilter, added that he had been "a key part of the success at Scottish Mortgage" and "helped turn it into the success story that it is today". While many investors may receive this news as a "disappointment", the industry roundly agrees that Baillie Gifford is well set up for such an event, with h...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Investment

ESG rises in importance for clients amidst geopolitical crises

ESG rises in importance for clients amidst geopolitical crises

Clients initiating talk around severe weather patterns, security and energy

Sian Barnett Wike
clock 02 December 2022 • 2 min read
Firm issued notices over British Steel advice loses complaint against FCA

Firm issued notices over British Steel advice loses complaint against FCA

Complaints Commissioner confirms case must go to the Upper Tribunal

Hope William-Smith
clock 02 December 2022 • 3 min read
COP27: Ten things we have learnt from the Egypt summit

COP27: Ten things we have learnt from the Egypt summit

A look at some of the key lessons for businesses from COP27

James Murray
clock 30 November 2022 • 20 min read