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.
Baillie Gifford's Patrick Edwardson has been increasing equity exposure in the £370m Scottish American Investment trust during the recent market volatility.