Scottish Mortgage will 'have to respond' to PE capabilities concerns

Follows boardroom row

Eve Maddock-Jones
clock • 5 min read

Scottish Mortgage is facing its second round of anxiety over private equity exposure this year, following internal concerns about its capabilities to navigate this space.

A flagship product of Baillie Gifford, Scottish Mortgage has faced criticism from its own non-executive board member Amar Bhidé, who spoke out against the firm with his concerns. In an interview with Financial Times, Bhidé said he questioned the management team's "capabilities and governance clout" to fully monitor its PE exposure, given the lack of publicly available information, culminating in a row with chair Fiona McBain. Scottish Mortgage board clashes over governance and unlisted issues James Carthew, head of investment companies QuotedData, said Bhidé had raised "serious que...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week