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.

James Anderson to take six-month sabbatical from Scottish Mortgage

James Anderson to take six-month sabbatical from Scottish Mortgage

James Anderson, manager of £2.2 billion Scottish Mortgage, is taking a back seat from the fund for six months.

Anderson has steered Scottish Mortgage towards the top of the global growth sector over his decade in charge, notching up a 439.2% gain in share price terms while beating both Lord Rothschild’s RIT Capital Partners and John Pennink’s British Empire.

Anderson, a well-known figure in the investment world, is taking a six-month sabbatical to write a book on growth investing. During his time away, Tom Slater, deputy manager on the trust, will take over his responsibilities.

Baillie Gifford said: ‘We can confirm that James Anderson, manager of Scottish Mortgage, will be taking a six month sabbatical from July. During the sabbatical, Tom Slater, deputy manager, will take charge of the trust.

‘James will return to his previous roles at Baillie Gifford on his return.’

Slater is by no means a newcomer to the trust, and has played a key role in the team since coming on board in August 2009.

Over the last three years, the trust is up 76.4% in share price terms, with performance in part being driven by its exposure to internet related stocks, including Google and Amazon.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: the opportunities in UK challenger banks

Brewin's Gutteridge: the opportunities in UK challenger banks

In this week's podcast, Brewin Dolphin's Ben Gutteridge and Guy Foster, discuss opportunities in the global financials sector with Aptus' Johnny De La Hey.

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Your Business: Cover Star Club

Profile: how Close Brothers gave power back to the regions

Profile: how Close Brothers gave power back to the regions

Almost a year into the role, Close Brothers Asset Management head of wealth management Andy Cumming has highlighted three keys areas of focus

Wealth Manager on Twitter