“It’s our rivalry that the funding business could also be experiencing a peak of its personal, on this case the purpose of the utmost fee at which it extracts worth from its purchasers’ property. Let’s name it Peak Gravy.” That’s a current quote from Tom Coutts, who’s one of some dozen companions at Baillie Gifford (See Arman Tabatabai’s profile right here). It’s additionally typical of the provocative sentiments supplied by this band of fund managers who’re primarily based in Edinburgh, however scour the world searching for alternatives.
In an effort to differentiate its world view, the agency has launched the considerably eyebrow-raising tagline, “We’re precise traders.” For a lot of US expertise observers, although, Baillie Gifford is thought for its investments in unicorns. However as Additional Crunch’s government editor Danny Crichton and I discovered in a current dialog with Charles Plowden (one among two senior companions and the overseer of the agency’s funding departments), there’s much more to the story and motivations behind this distinctive 110-year-old partnership that’s nonetheless going robust.