Scottish money manager Baillie Gifford has $245 billion, a positive attitude — and 112 years of experience with booms, panics and pandemics. When analysts and portfolio managers pitch ideas at Edinburgh, Scotland, investment firm Baillie Gifford, there’s one rule everyone must follow. Baillie Gifford has gone so far as to mail letters to its portfolio companies, encouraging CEOs to forestall layoffs and cost cutting. Name a hot coronavirus stock, and Baillie Gifford discovered it and built a massive position before the virus spread. What about the billions Baillie Gifford has reaped from its investment in Tesla, whose owner, Elon Musk, might be the poster boy for bad corporate governance?

Source: Forbes May 19, 2020 10:30 UTC