Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Baillie Gifford appoints ex-Pimco man to struggling trust

Baillie Gifford appoints ex-Pimco man to struggling trust

Baillie Gifford has replaced the lead manager of the underperforming Pacific Horizon Investment Trust with a recent recruit from Pimco.

Ewan Markson-Brown, formerly senior vice president for emerging market equities at Pimco, the US investment giant, has been appointed as portfolio manager of the £125 million trust. He joined Baillie Gifford in September 2013.

Previous manager Mike Gush (pictured) will continue to provide support to Baillie Gifford’s emerging markets team, while Roderick Snell will remain as deputy manager.

‘The team based approach to stock-picking and the consistent investment philosophy and process, adopted by Baillie Gifford, ensures a smooth transition in portfolio responsibilities and investment style,’ said chair Jean Matterson.

Before joining Pimco, Markson-Brown was a portfolio manager covering Asian equities at Newton Investment Management.

Over the past three years Pacific Horizon has returned 11.2% on a net asset value basis, compared with 11.9% from the MSCI Asia Pacific excluding Japan index.

In September this performance was described as ‘unsatisfactory’ by Pacific Horizon’s chairman.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Mike Gush
Mike Gush
8/25 in Equity - Greater China (Performance over 3 years) Average Total Return: 31.02%
Roderick Snell
Roderick Snell
22/107 in Equity - Asia Pacific Excluding Japan (Performance over 3 years) Average Total Return: 18.68%
Citywire TV
Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Play Henderson's Hermon: how to be defensive in smaller caps

Henderson's Hermon: how to be defensive in smaller caps

Hermon, who manages the Henderson Smaller Companies trust, talks about he will tackle a 'challenging' 2016.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter