Baillie Gifford's Tom Slater owns up to 'humbling' 2022

Valeria Martinez
clock • 2 min read

Tom Slater, manager of the £13.8bn Scottish Mortgage investment trust, has acknowledged that last year was "humbling" after Baillie Gifford lost more than $14bn on its Tesla and Shopify holdings.  Speaking at an investor forum in London, Slater, who has co-managed the UK's largest trust since 2015, said it had been a "mistake" to assume that shifts in consumer behaviour during the pandemic would stick.  He also admitted they were "slow to recognise the significance of the shattering in Sino-US relations". Tesla, which has seen its share price drop by 66.5% in the last year, accordi...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?