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Fund manager Blaikie retires

Brodie steps up to partner at Baillie Gifford

Douglas BrodieFund manager Baillie Gifford is promoting Douglas Brodie to partner following the retirement of Robert Blaikie.

The Edinburgh-based company, which sells  open-ended funds and investment trusts, stated Mr Blaikie, the firm’s head of trading, will retire on 30 April after 34 years with the company. Mr Brodie takes over on the following day, maintaining the number of partners at 40.

Mr Brodie joined Baillie Gifford in 2001 and manages the£248.59m Edinburgh Worldwide Investment Trust which invests in early stage entrepreneurial companies, and the £157.58m Global Discovery fund which looks for capital growth.

Andrew Telfer, joint senior partner, said: “The promotion reflects Douglas’s proven ability to deliver strong investment returns for clients in our Global Discovery strategy, and the contribution made by his team in finding exciting growth stocks for the benefit of all Baillie Gifford’s clients.

“We thank Robert for his remarkable contribution over more than three decades with the firm, and have confidence in the strength and depth of our trading team, many of whom have spent their whole careers working with him.”

The Global Discovery fund was launched in May 2011 and has outperformed its Investment Association Global sector peers for the three years with a return of 90.29 per cent compared with the sector average of 36.9%.

The investment trust has outperformed its AIC Global sector peers across three, five and 10 years, including a 10 year total return of 194.63%.

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