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Monks, the second global investment trust at Baillie Gifford, may be a low-fat version of the group’s full-on growth flagship, Scottish Mortgage, but shareholders have had to endure a similar gut-wrenching reversal in the past seven months.
AssetCo has increased its Scottish footprint with a swoop on Edinburgh-based SVM Asset Management, which was founded by McLean and Margaret Lawson in 1990.
A toxic triple whammy of China, Russia and Ukraine has cost Templeton Emerging Markets dearly, wiping out the outperformance fund managers Chetan Sehgal and Andrew Ness achieved after taking on the £1.7bn investment trust four years ago.
Fund of trusts manager Richard Curling has voiced his support for Baillie Gifford, the Edinburgh-based growth investment house that has recorded dire performance pretty much across the board in this year's market rotation.
Chrysalis Investments faces another 9.5% knock to asset value and calls to reform its performance fee after reports that Klarna, the Swedish credit company that is its second biggest holding, was raising money at a third of their valuation a year ago.
The FTSE 100 makes back ground, after a bruising 4.1% loss last week, despite investors fleeing cryptocurrencies and the oil price dipping on recession concerns.
It will take time and be uneven, but Edwin Conway wants to move the asset management giant into the driving seat when it comes to transition.
The FTSE 100 makes back ground despite investors fleeing cryptocurrencies and the oil price dipping on recession concerns.
Fidelity European manager Marcel Stotzel has turned his attention to the digital world of the metaverse for the next decade of returns.
Bargain hunters beware. History shows the chronically wide discounts on private equity funds such as NBPE and Harbourvest may not last forever.