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.

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
Play HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: how to control your destiny in an age of regulation

Profile: how to control your destiny in an age of regulation

‘RDR was good news to us because it aligned our practices with the industry,’ says Courtiers boss Jamie Shepperd

Wealth Manager on Twitter