What could Elliott’s stake in Scottish Mortgage mean? Investment News emerged last week that US hedge fund and activist investor Elliott Investment Management has taken a £600m stake in Scottish Mortgage Investment Trust. But what could this mean for the trust? The 5.04 cent stake now makes Elliott the largest shareholder in the Baillie Gifford-managed trust. The second largest investment trust in the UK, [...]
Scottish Mortgage unveils £1bn share buyback programme after strong year Investment trusts The trust, which is the second largest in the UK, has recorded a strong performance over recent months despite a tumultuous few years before that.