Scottish Mortgage managers rebuff comparison to Woodford

During an investor webinar last month, fund managers Tom Slater and Lawrence Burns were quizzed by clients. One asked: "After being caught in the Woodford fund, can I be confident that Scottish Mortgage and Baillie Gifford have not gone and done exactly the same thing?" The investment trust has the ability to invest up to 30% of its portfolio in unlisted companies, and its allocation currently sits at 28.9%, according to its most recent factsheet. This comes after the collapse of Woodford's flagship fund, which was in part due to its investments in several unlisted companies that a...