Baillie Gifford

Baillie Gifford UK Growth Trust is testing the patience of shareholders, admits the chairman, after poor stock selection led to a sharp fall in second half performance. After outperforming in the first half, its returns were poor in the second six months and its net asset value total return of 15.6%

Global investment manager Baillie Gifford has launched the first public fully native UK tokenised fund.  The manager has launched the Baillie Gifford Enhanced Yield Fund (BAGEY) with BNY (NYSE: BNY), a global financial services company, delivering the first publicly available fully native UK-re

SpaceX makes its long-awaited stock market debut today in what is expected to be the largest initial public offering in history.

Edinburgh Worldwide Investment Trust, now under effective control of a New York hedge fund, is considering a tender offer for its shareholders to cash in on the forthcoming IPO of Elon Musk’s SpaceX. The board said it remains committed to providing shareholders with a “liquidity opportun

Scottish Mortgage Investment Trust has reported a strong set of annual results, with its share price returning to the November 2021 high it set before the 2022 growth-stock crash, as a soaring valuation for Elon Musk's SpaceX powered the Baillie Gifford flagship to its full recovery.

Baillie Gifford European Growth Trust’s new portfolio manager has repositioned its investments in response to global conflicts and their impact on energy prices and economic growth. Joe Faraday, who was installed at the beginning of April, said that the adjustments “cannot, amount to a p

Edinburgh Worldwide Investment Trust, which suffered a boardoom bloodbath last week, has announced a new chair and said Baillie Gifford will remain as manager. Gabriel Gliksberg, one of three new directors elected after the coup led by Saba Capital Management, becomes chair and a recruitment consult

The Edinburgh Worldwide Investment Trust (EWIT) is faced with a significant boardroom overhaul as the New York-based activist investor Saba Capital Management seizes control. At the trust's AGM, which took place today, Saba won the vote to appoint three directors to the trust’s board. With fiv

Scottish investment giant Baillie Gifford is poised to reap a £3.5 billion return on its early bet on SpaceX, as Elon Musk's rocket company prepares for what is expected to be the largest public listing in stock market history.

Saba Capital Management has criticised the performance of the Edinburgh Worldwide Investment Trust (EWIT) "unacceptable" after shareholders voted against a tender offer put forward by the Baillie Gifford-managed trust. On 10 April, 53.8% of shareholders rejected the proposal, which EWIT had argued w

EY has announced it will relocate from its current Edinburgh office at Atria One, Morrison Street, to the new Baillie Gifford office building at 3 Haymarket Square, by the end of this year. EY will sublet a floor of the development, following eight years at its current headquarters. The new office w

Scottish Mortgage Investment Trust, valued at £15.2 billion and managed by Edinburgh-based Baillie Gifford, is seeking shareholder approval to expand its capacity to invest in private companies. The trust currently caps private company investment at 30% of total assets at the time of purchase.

Baillie Gifford’s relocation to its new headquarters in Edinburgh has been pushed into a third calendar year. Originally scheduled for autumn 2023, the move to the 280,000 sq ft Norman Foster-designed Haymarket development was postponed to late 2024 and is now targeted for the second quarter o

The board of Edinburgh Worldwide Investment Trust (EWIT) has narrowly survived a second attempt by activist investor Saba Capital to unseat it. In a tightly contested vote, 53.2% of cast votes supported retaining the current directors, while 46.8% opposed them. Saba’s proposal had aimed to rem

The board of Edinburgh Worldwide Investment Trust (EWIT) has secured further crucial backing in its ongoing defence against activist investor Saba Capital. Glass Lewis, a prominent independent proxy advisory firm, has advised shareholders to reject all of Saba’s proposals at the requisitioned