Wealth Manager - Essential news for investment professionals

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
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter