Ruffer eyes job cuts as ‘down year’ hits hard Asset management Asset managers have cut around 2,000 jobs since the start of 2024.
Baillie Gifford’s Schiehallion offsets concerns about private company values with NAV growth Investment Schiehallion, the Baillie Gifford fund, has reported that its discount widened last year amid negative market sentiment towards its investments and challenging macroeconomic conditions.
Baillie Gifford’s Shin Nippon trust had a terrible 2023. Can it fix its problems? Investment trusts After a year of abysmal performance, the board of Baillie Gifford’s Shin Nippon trust have pledged to commit to a major tender offer if its problem persists. In the trust’s 2023 results today, the investment trust revealed that the trust’s share price had declined by 20.5 per cent, while net asset value declined by 14.9 [...]