Patrick Edwardson, the manager of the £393m Scottish American investment trust, has increased his UK exposure to a quarter of the portfolio, at the expense of overseas holdings.
Monks Investment Trust manager Gerald Smith will take over as Baillie Gifford CIO from April 2011.
The manager of an AIM-listed China trust - which is held by Fidelity's Anthony Bolton, Baillie Gifford and Henderson - is under investigation by the US regulator.
Baillie Gifford has announced a series of changes to its retail sales team ahead of Ken Edwards' retirement in February 2011.
Baillie Gifford is re-naming and changing the objectives of two of its gilt funds.
Baillie Gifford's Gerald Smith has sold his stake in the group's Pacific fund, preferring to invest directly in China.
Baillie Gifford's head of emerging markets Richard Sneller has assumed control of the Pacific fund following a reshuffle at the group.