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.

Under-fire Baillie Gifford trust appoints deputy manager

Under-fire Baillie Gifford trust appoints deputy manager

The Pacific Horizon investment trust, revealed earlier by Wealth Manager to be under shareholder pressure to turn around its lacklustre performance, has now appointed a deputy manager to support Mike Gush (pictured).

Roderick Snell, who has worked at Baillie Gifford since 2006, has been named deputy manager of the £133 million trust. He  was promoted to sole charge of the Baillie Gifford Pacific fund in April this year, having been a co-manager of the £48 million vehicle for three years.

During his time on the fund, it has generated a total return of 23.5%, compared with an average of 17.1% from his peer group.

Yesterday, Wealth Manager revealed that activist investor City of London Investment Group had emerged as Pacific Horizon's largest declarable shareholder. With both the chairman and manager of the trust having branded its latest results 'unsatisfactory', analysts have pointed to the possibility that City of London could push for a continuation vote as it it did earlier this year with thee Advance Developing Markets trust.

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

Mike Gush
Mike Gush
3/11 in Equity - Greater China (Performance over 3 years) Average Total Return: 33.35%
Roderick Snell
Roderick Snell
3/61 in Equity - Asia Pacific Excluding Japan (Performance over 3 years) Average Total Return: 43.52%
Citywire TV
Play Navigating geopolitical risk with ETFs

Navigating geopolitical risk with ETFs

ETFGI’s Deborah Fuhr on how investors can use exchange-traded funds to position their portfolio.

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.

Your Business: Cover Star Club

Profile: Barclays' former advisory boss on his move into property

Profile: Barclays' former advisory boss on his move into property

On paper, Rick Denton might have been expected to finish his career in banking

Wealth Manager on Twitter