Scottish Mortgage addresses private equity anxieties

‘We need to shout about this more’

Scottish Mortgage has backed its private equity exposure amid company wide underperformance and heightened investor anxiety.

At a presentation entitled ‘Private Investor Forum Investing in Positive Change' Claire Shaw, an investment specialist on Scottish Mortgage, was quizzed by a room of shareholders on the trust's private equity exposure. The portfolio has a 30% maximum allocation to private equity, which it exceeded back in July due to a decline in the share price. As of the end of July it had reduced its weighting to 28.5%. Scottish Mortgage has been investing in private equity for a decade now and to date it has 52 private stocks in its portfolio, including high-profile names such as Elon Musk's Space...