Scottish Mortgage's Anderson 'perturbed' by political climate and lack of support for next Amazon or Baidu

Jayna Rana
clock • 3 min read

Baillie Gifford's James Anderson, co-manager of the £4.5bn Scottish Mortgage investment trust, has expressed his concern about recent rhetoric used by the UK and US governments, and warned of the impact of their policies on developing the next generation of global leading companies.

Commenting on UK Prime Minister Theresa May's speech at the World Economic Forum in Davos earlier this month, when she said people should be worried about the "cult of the individual", the manager (pictured) said her words resonated with those of a dictator, rather than any democratic leader.  During the speech, May called for businesses to adopt a new approach that would ensure they operated on a level playing field. Scottish Mortgage just shy of joining FTSE 100 Restrict growth Anderson said: "There has never been a week where the last two global powers have decided self-annihilat...

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