Scottish Mortgage Anderson to Depart

James Anderson is to step down from Baillie Gifford's £16 billion Scottish Mortgage Investment Trust after 21 years at the helm 

Holly Black 19 March, 2021 | 9:29AM
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James Anderson

James Anderson, manager of the £16 billion Scottish Mortgage Investment Trust (SMT), is to leave the business next year. After nearly 40 years at Baillie Gifford and 21 years at the helm of Scottish Mortgage, the veteran investor will step back from the trust in April 2022.

Scottish Mortgage has gained a reputation for being able to spot fast-growing disruptive businesses and for bringing the opportunity to invest in unlisted companies to retail investors at a low cost – the trust’s ongoing charge is just 0.36%.

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Holly Black  is Senior Editor, Morningstar.co.uk

 

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