May 9, 2024
Mortgage

Why has a £50bn US hedge fund become Scottish Mortgage’s biggest shareholder?

At £12.3bn, the UK’s largest investment company Scottish Mortgage Investment Trust may have been on a rollercoaster over the past few years, with the economic downturn and rally in technology stocks. But following a period of underperformance, the fund has recently drawn the attention of US hedge fund Elliott Advisors, which, it has emerged, took a 5 per cent stake,

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Mortgage

What could Elliott’s stake in Scottish Mortgage mean?

Edinburgh-based Baillie Gifford manages Scottish Mortgage, which is the second largest investment trust in the UK. News emerged last week that US hedge fund and activist investor Elliott Investment Management has taken a £600m stake in Scottish Mortgage Investment Trust. But what could this mean for the trust? The 5.04 cent stake now makes Elliott

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