Scottish Mortgage's Slater: We place an 'outsized degree of importance' on company founders to drive returns

Baillie Gifford addresses poor returns

clock • 2 min read
Tom Slater of Baillie Gifford
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Tom Slater of Baillie Gifford

‘Key man risk’ is often seen as a bad thing but Tom Slater, lead manager on the Scottish Mortgage Investment Trust, said that having a central figure associated with a company was a good thing for driving returns.

Like many Baillie Gifford portfolios, the house's flagship trust invests in several names whose reputation is closely linked to its founders. The likes of Tesla and Amazon are intimately associated with...

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