'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 for free

  • 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

Watch Professional Adviser's Working Lunch on Baillie Gifford's Scottish Mortgage trust - A World of Opportunities

Watch Professional Adviser's Working Lunch on Baillie Gifford's Scottish Mortgage trust - A World of Opportunities

Catch up on the discussion

Professional Adviser
clock 25 March 2025 • 1 min read
Other investing strategies are available: Performance chasing has served well despite risks

Other investing strategies are available: Performance chasing has served well despite risks

'Perhaps not surprisingly in such momentum-driven markets, performance chasing came out top'

Laith Khalaf
clock 24 March 2025 • 4 min read
Advisers take 'marmite' approach to smoothed funds

Advisers take 'marmite' approach to smoothed funds

Recognise benefits but put off by complexity and price

Isabel Baxter
clock 20 March 2025 • 4 min read