Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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.
Citywire TV
Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Play Japan's slump, the umbrella revolution and the battle for Brazil

Japan's slump, the umbrella revolution and the battle for Brazil

With the arrows of Abenomics appearing to be missing their targets and political uncertainty rife in Hong Kong and Brazil we take a look at investor sentiment in this week's Investment Pulse

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter