FTSE 100 funds bled £2bn in June, but who is losing out? Investment UK large cap funds, which invest in FTSE 100 companies, saw investors pull over £2bn from them during June, as losses began to concentrate in a select few asset managers.
Baillie Gifford-run trust ditches £20m Rio Tinto stake over ESG concerns Energy An investment trust run by Scottish asset manager Baillie Gifford has ditched its £20m stake in Rio Tinto, calling out the mining giant for inadequate ESG practices.
Baillie Gifford was just the first: Climate protests are coming for asset managers Investment The saga of Baillie Gifford has finally petered out, but the fight between City asset managers and climate protesters is only just beginning.
Naomi Klein: Thin-skinned Baillie Gifford has put arts festivals in jeopardy June 19, 2024 Bestselling writer Naomi Klein has called Baillie Gifford “thin-skinned” for putting literary festivals in jeopardy, as she defended her decision to support Fossil Free Books’ campaign against the investment manager.
Inside the collapse of Baillie Gifford’s literary sponsorships June 5, 2024 Baillie Gifford has been met with boycotts due to its investments in fossil fuels and firms operating in Israel, leading to the end of its sponsorship of Edinburgh Book Festival.
Why Scottish Mortgage trust is selling Nvidia June 5, 2024 Scottish Mortgage, the second largest investment trust in the UK, has warned that though the future for AI is bright, companies like Nvidia might not carry on bringing in the record gains that they have managed over recent months. While Scottish Mortgage is on board with the vision of an AI future, deputy manager Lawrence [...]
Baillie Gifford sponsorship row reflects the sorry state of the arts May 31, 2024 Book festivals have come under pressure to refuse funding from Baillie Gifford.
Baillie Gifford ends Edinburgh Book Festival sponsorship after fossil fuel row May 31, 2024 Scottish asset manager Baillie Gifford has been dropped as a sponsor for the Edinburgh International Book Festival after a row over the company's investments in fossil fuels and companies benefiting from Israel's occupation of Palestine.
Funding boycotts are ‘irresponsible, entitled and childish’ May 20, 2024 The debate over whether artists should accept funding from Baillie Gifford has continued to rage in recent weeks.
Eco activists calling for literature festival boycotts should read a book May 20, 2024 Writers signing a letter calling on book festival sponsor Baillie Gifford to divest from fossil fuels exhibit a lazy habit of mind that has no place in literature, says Alys Denby The arts should always be anti-establishment. Only an autocracy would demand that all its creative output mindlessly cohered to the values of the regime. [...]