Alasdair McKinnon has introduced a strong contrarian approach, cut the number of holdings by almost half, and helped boost dividend growth in his first year as lead manager of the £770m Scottish Investment Trust.
The manager (pictured) joined the investment team on the trust in 2003 before becoming acting manager in 2014 and taking over lead responsibility less than a year ago. At this time, together with the board (headed by chairman James Will), he initiated a strategic review of both the fund and current market environment. IW podcast: Investment trust special with FundCalibre's McDermott As a result, the FTSE 250-listed global trust shifted its investment approach to a high-conviction, value style, which has proved successful against the backdrop of a wider turnaround for this approach....
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