Slow but steady wins the race

Baillie Gifford exemplifies the traditional image of the cautious but successful Scottish investment manager. But if it wants to leap up to the big league, the partnership might have to consider changes to its structure.

IF WINNING MANDATES, while running a successful business with happy employees, were a race, independent asset manager Baillie Gifford would be a winner. Its slow but steady pace at growing the business has resulted in its being widely considered a highly successful asset management firm.

Baillie Gifford’s CEO, Alex Callander (pictured right), will not disclose the firm’s profit and loss account, but assets under management grew from £19 billion last year to £29 billion ($53 billion) as at the middle of last month.

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