Baillie Gifford

Following a volatile few months, four fund managers discuss their outlook for small caps in the US and the UK, and where they believe the best sources of growth will be in 2016.

How have they performed?

Threat of divide

Regional breakfast briefing

Owns £120m of shares in parent company Alphabet

Effective from May 2016

Joins Beesley on global equity desk

Funds investing in Japan, Europe and smaller companies were among the best performers in 2015 across sectors, but which strategies topped the chart and who struggled?

In response to market demand

Selected from five major regions