The fund – Baillie Gifford’s first investment trust launch since 1985 - will focus on “exceptional growth companies” in the US.
Our growing expertise in providing access to a range of exciting private companies should make this new trust a highly attractive investment proposition...Andrew Telfer, Joint Senior Partner, Baillie Gifford
Partners and members of staff of the firm are expected to apply for more than £20m of shares in the trust and private investors can apply for shares under the offer through platforms including Hargreaves Lansdown, Interactive Investor, AJ Bell and Alliance Trust Savings.
The trust will invest in both listed and unlisted companies, up to a combined maximum of 90 holdings. Baillie Gifford employs 1,014 people and had assets under management and advice of £179.6bn as at 31 December 2017...