Gerald Smith to step down from Pacific Horizon next year

Gerald Smith is expected to step down as manager of the Pacific Horizon investment trust early next ...

Gerald Smith is expected to step down as manager of the Pacific Horizon investment trust early next year as he becomes a director. Baillie Gifford has therefore named Mike Gush as co-manager with immediate and he will take over from Smith from next February. Smith has been manager of Pacific Horizon since 1995 but the group said it uses a team-based approach to stockpicking and co-management should ensure a smooth transition. Gush joined Baillie Gifford in 2003 and has been part of the emerging markets team since 2005. He has worked with Smith running institutional portfolios for th...