
Until recently, the Scottish management company was considered one of the most successful investment firms in the UK. Now her story is more like a warning about what threatens investors with falling stock prices of high-tech companies.
Trusted by the money of some of the largest US pension funds, as well as British municipalities and private investors, Baillie Gifford has made huge profits by investing in shares in the world's largest online trading platform Amazon.com, electric car manufacturer Tesla and other companies. An investment made many years ago paid off during the covid-19 pandemic . In 2020, Baillie Gifford was second only to U.S. BlackRock in terms of net capital inflows to its funds and third in quarterly performance last year, according to the Pridham Report, which evaluates UK fund managers.
The turmoil on the stock exchanges saw the company, which for many years was a pillar of the Edinburgh financial industry, suffer losses (at least in the short term) and began to look for ways to restore customer confidence.