Baillie Gifford

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

Edinburgh Worldwide Investment Trust (EWIT) has convened a shareholder meeting for 20 January to address a renewed challenge from New York hedge fund Saba Capital Management. The trust, managed by Baillie Gifford, is strongly urging investors to reject Saba's proposal to oust the current board and i

A proposed merger between two Edinburgh-based investment trusts managed by Baillie Gifford has been blocked by US activist investor Saba Capital, escalating a battle for control over the funds. Saba, led by hedge fund manager Boaz Weinstein, holds a 29% stake in Baillie Gifford US Growth Trust and a

Edinburgh-based fund manager Baillie Gifford is set to pay out as much as £12 million in "catastrophe bond" insurance following Hurricane Melissa.

Investment manager Baillie Gifford is repositioning its global workforce in response to evolving market conditions, a move that is expected to lead to fewer than 50 redundancies.

Heriot-Watt University has secured renewed backing, worth £1.25 million, from investment firm Baillie Gifford to significantly enhance programmes based at Panmure House – the final remaining home of economist Adam Smith. The 'Baillie Gifford Panmure House Partnership II Gift' aims to rev

A planning application for the refurbishment of the Calton Square office building, currently home to Baillie Gifford until 31 December 2025, has been granted subject to conditions by the City of Edinburgh Council.

Baillie Gifford has announced that Andrew Telfer, one of three managing partners, will retire on 31 March 2025 after almost 33 years with the firm, including 13 as a managing partner and CEO. His successor will be Tim Campbell, who has been with the firm for 25 years and a partner for 12.

Monks Investment Trust, managed by Baillie Gifford, has sold its £20 million stake in Rio Tinto due to concerns over the mining giant's environmental and governance practices.

The National Galleries of Scotland (NGS) has said it will maintain its sponsorship deal with Baillie Gifford, despite other cultural institutions cutting ties amid activist pressure due to the investment firm's links to fossil fuels and Israeli settlements in the occupied West Bank. National Galleri

Edinburgh-headquartered investment management firm Baillie Gifford has withdrawn sponsorship from all remaining literary festivals, including Cambridge, Stratford, Wigtown, Henley, and Wimbledon.

The Edinburgh International Book Festival and Baillie Gifford have ended their 20-year partnership, following the withdrawal of several authors and threats of disruption from activists. The festival board said the pressure had become "intolerable", and, as a result, believe their ability to del

The Scottish Mortgage Investment Trust, the flagship fund of Edinburgh-based Baillie Gifford, has announced its largest ever share buyback programme.