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 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.
Citywire TV
Play Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Play SVM's Veitch on what's next for banks

SVM's Veitch on what's next for banks

SVM fund manager Neil Veitch is finding value in what he describes as unstable financials and talks through his favourite small caps.

Read More
Your Business: Cover Star Club

Profile: Affinity’s Julia Warrander on the importance of diversity

1 Comment Profile: Affinity’s Julia Warrander on the importance of diversity

'Sometimes there are 10, sometimes 20 people around a table and, more often than not, I’m the only woman,' says the Affinity Wealth co-chief investment officer

Wealth Manager on Twitter