Baillie Gifford

Saba Capital has stepped up its attack to take over Baillie Gifford US Growth Trust after calling for a full cash exit for shareholders at or near net asset value. The activist investor demanded board changes this morning at the Edinburgh-based trust, which has received a requisition notice from its

Saba Capital has returned to target another Scottish trustNew York hedge fund Saba Capital has demanded board changes at Baillie Gifford US Growth Trust. The Edinburgh-based trust received a requisition notice from Saba Capital Management which wants shareholders to back the appointment of three dir

Baillie Gifford has highlighted a growing structural shift across global capital markets, noting that the world's most innovative technology companies are staying private for longer to capture the bulk of their value growth before listing. Lucie Majstrova, an investment specialist in Baillie Gifford

The Association of Investment Companies (AIC) has called on the Financial Conduct Authority (FCA) to reform its listing rules "exposed" by activist investor Saba Capital. The AIC proposed that when a substantial shareholder seeks to take control of the management contract of an investment trust, thi

  Baillie Gifford's investment trusts could see their stakes in artificial intelligence (AI) company Anthropic more than double if it reaches its $2 trillion market valuation.

Baillie Gifford concluded that all 30 of its funds delivered value for investors in the year to 31 March 2026, despite several funds suffering from a "sustained period of weak returns". The Edinburgh-based asset manager pointed to broader market trends in two areas in its latest Assessment of Value

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.