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Baillie Gifford ‘appalled’ by US activist investor Saba Capital’s …
Baillie Gifford has hit back against an activist campaign by US hedge fund Saba Capital targeting three of its investment trusts, calling the hedge fund’s actions “a backdoor attempt to seize control”. “We are appalled by Saba’s actions and conduct,” said Karen Brade, chair of one of Baillie Gifford’s trusts targeted by the attack.
Baillie Gifford announces big changes in leadership
Jan 19, 2024 · Edinburgh-based investment giant Baillie Gifford has appointed Amy Atack as a third managing partner and also four new regular partners, effective April 1. The firm’s other two managing partners are Andrew Telfer and Malcolm MacColl. Atack has worked across Baillie Gifford for almost 20 years.
Baillie Gifford's AUM drops £122bn in 3 years but headcount rises
May 22, 2024 · Baillie Gifford has seen its assets under management drop by £122bn in three years, but business is robust enough that total staff and partner numbers have risen during the period.
Baillie Gifford eyes 2024 turnaround as UK outflows hit £6.6bn
Jan 5, 2024 · Baillie Gifford expects this year to arrest the heavy outflows that have plagued the Edinburgh-based asset manager for months, having found itself among the UK’s worst-selling fund groups in 2023.
Fund manager Baillie Gifford issues 'return-to-office' edict
Oct 18, 2024 · Baillie Gifford, the Edinburgh-based fund manager, has told staff to return to full-time office working, the latest in a string of employers to cool on pandemic era remote working practices.
Baillie Gifford ditches climate collaborations over ‘contested ...
Nov 19, 2024 · The €225bn asset manager, based in Scotland, has ditched shareholder engagement network Climate Action 100+ (CA100+) and the United Nations-backed Net Zero Asset Managers initiative (NZAM). It led engagement with Brazilian oil company Petrobras and Irish industrials firm CRH for CA100+, according to its latest stewardship report.
Baillie Gifford hits back at Saba takeover which ‘lacks details’
4 days ago · The board of Baillie Gifford’s US growth trust has unanimously recommended shareholders vote against a takeover by US hedge fund Saba Capital. The company’s non-executive chair, Tom Burnet ...
Baillie Gifford US Growth Trust PLC | Reuters
3 days ago · The latest international Baillie Gifford US Growth Trust PLC news and views from Reuters - one of the world's largest news agencies
Baillie Gifford calls on trust shareholders to vote against hedge …
3 days ago · Baillie Gifford has called on shareholders of three of its investment trusts to take action in the face of potential wholesale changes proposed by Saba Capital Management, a US-based hedge fund. Saba has acquired stakes of 25.2% in the Baillie Gifford US Growth Trust, 21.1% of the Edinburgh Worldwide Investment Trust, and 28.1% of the Baillie ...