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 manager confirms retirement

Baillie Gifford manager confirms retirement

Michael MacPhee, manager of the £73 million Mid Wynd International Investment Trust, has announced that he will retire on 30 April 2014.

The trust’s board stated that it was in discussions with Baillie Gifford about the appointment of a successor.

Over the past five years, Mid Wynd International has returned 69% compared with 48% from the FTSE World index. Through the rally of the past 12 months, though, it has lagged the index with a return of 8% against the benchmark’s 20%.

The top holdings in his predominantly mid cap portfolio are currently IP Group, which commercialises universities’ intellectual property rights, and Finnish lift manufacturer Kone.

MacPhee (pictured) graduated from Oxford University in 1986 as a lawyer before joining Baillie Gifford in 1989, initially focusing on European equities. He headed that team until 2008, and has managed Mid Wynd International since 1998.

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

Citywire TV
Citywire TV
Citywire TV
Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Play Europe bulls, a retail boost and why a little inequality can be a good thing

Europe bulls, a retail boost and why a little inequality can be a good thing

This week’s Investment Pulse looks at whether investors should be bullish on Europe, the surprise rise in UK retail sales and if a little inequality is a good thing.

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter