Scottish investment trusts are among investors caught up in Nvidia’s stock price collapse in the wake of the Jensen Huang scandal. FTSE 100 listed Scottish Mortgage Investment Trust and Baillie Gifford US Growth Trust have significant holdings in the chipmaker which has also been a huge suppor
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Baillie Gifford China Growth Trust’s portfolio managers Sophie Earnshaw and Linda Lin have been praised for making the most of “China’s revival”, as the trust delivered a net asset value (NAV) total return of 35.1% over the three years to November 5, 2026. Research by analyst
Shareholders in Scottish Mortgage Investment Trust have cashed in on its early support for SpaceX following the US tech firm’s mammoth flotation in the summer. The FTSE 100 trust, managed by Baillie Gifford, took advantage for profit taking when the window opened for the sale of shares. It cur
Investors have shared their thoughts on what the US midterm results mean for financial services and markets, after Congress swung in favour of the Democrats. Many investment managers said the results mean “something and nothing at the same time”, pointing to President Donald Trump’
Baillie Gifford Edinburgh Worldwide Investment Trust has appointed two new non-executive directors to its board. Paul Fincham and Nick Stewart joined the board on 30 October 2026. The trust is now controlled by Saba Capital Management following a vote at its annual general meeting in April this year
Dame Susan Rice has been presented with a lifetime achievement award for her services to the financial services industry, as part of the Scottish Financial Services Awards in Glasgow. The 2026 Scottish Financial Services Awards, sponsored by EY, come in SFE’s 40th year and recognise the contri
Baillie Gifford Japan Trust has announced a conditional tender offer for up to 25% of its shares, after its net asset value (NAV) total return trailed the benchmark TOPIX index over the past year. The trust delivered a NAV total return of 17.7% for the year to 31 August 2026, compared with 26.7% for
Baillie Gifford US Growth Trust shareholders have narrowly rejected a New York hedge fund’s attempt to seize control for a third time.
Baillie Gifford US Growth Trust chair Tom Burnet has written to the Secretary of State for Scotland Douglas Alexander and Economic Secretary Lucy Rigby urging the Government to help protect the UK investment trust industry from activist hedge funds. Burnet has been calling on retail investors to vot
The Financial Conduct Authority (FCA) has admitted it has to be "careful" over proposed changes to the listing rules following the recent campaigns by US activist investor Saba Capital Management. The regulator said it was looking into reforms to help manage conflicts of interest involving activist
Saba Capital has sold its entire 5% stake in Baillie Gifford UK Growth. The New York headquartered hedge fund disclosed its position last March but did not increase its position until its exit last Wednesday. UK Growth delivered a 26.5% share price total return from when Saba disclosed its stake las
Boaz Weinstein has claimed Saba Capital Management has invested more than £2bn in as many as 50 London-listed companies, and that his actions have produced more than £600m for all shareholders, including pensioners and retail investors, in companies where he forced change. Weinstein has
The Financial Conduct Authority's head of innovation Colin Payne has revealed how they helped Baillie Gifford launch their new digital asset fund in nine months. The Edinburgh-based investment manager worked with the regulator on the development of a tokenised UK fund, Baillie Giffords Enhanced Yiel
New York hedge fund Sessa Capital has increased its stake in Baillie Gifford US Growth to 7.7% ahead of the trust's pivotal leadership vote later this month. Sessa is believed to have teamed up with activist investor Saba Capital Management, which is making its third attempt to replace the board wit
Baillie Gifford has launched its new Baillie Gifford Enhanced Yield Fund (BAGEY) to eligible professional investors in Switzerland, the UK, Hong Kong and the Cayman Islands. The new fund is designed for financial institutions, fintechs, and regulatory bodies driving the adoption of tokenisation
