Figuring it Out
James Anderson, Baillie Gifford's CIO, and Gerald Smith, Deputy CIO discuss financial markets
Welcome to this issue of Trust in which we celebrate the centenary of one of the oldest investment trusts in the UK, Scottish Mortgage. We recognise that much of the last year has been a difficult time for many investors and I hope that our Chief and Deputy Chief Investment Officers' insights on the investment world will be useful.
Other features in this issue include a look at the lessons of the 1990s in Japan for today's economic policymakers and at history in the making in the USA with the inauguration of President Obama.
I hope you will agree with me that while history may not always repeat itself, it can help us shape our understanding and expectations of the modern world and, hopefully, even financial markets.
Lindsey Greig
DIRECTOR
Lindsey Greig is responsible for customer care and marketing support for personal investors and intermediaries
James Anderson, Baillie Gifford's CIO, and Gerald Smith, Deputy CIO discuss financial markets
David Smith compares the UK's current economic crisis and Japan's experience in the 1990s
As Scottish Mortgage celebrates its centenary, Gill Hollis takes us through its fascinating history
Even in dark times, opportunities for investment can still exist, as writer Heather Connon explains
Mike Gush, the Pacific Horizon portfolio manager, explains why he is unfazed by his new role
Heather Farmbrough on the impact President Obama will have on the world's economy
We take a look at how British investment trusts have fared during previous financial crises
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