Baillie Gifford assets shrink by more than 10% in January

  As of the end of January, the Edinburgh-based fund manager's assets stood at £56bn. Despite assets shrinking by over 10%, only 1.3% was due to outflows, the data provider noted. "Nonetheless, the net outflow of £875m was its worst on record," said Bhavik Parekh, Morningstar manager research analyst. He stated that "Baillie Gifford had a poor month in both performance and flows (its worst on record) after it had finished 2021 as one of the most popular fund groups. Baillie Gifford tops FE fundinfo's 2022 Alpha Manager list despite 'tumultous' year "Many strategies also had p...