Baillie Gifford's Milena Mileva has shed light on plans to overhaul the Schroder UK Growth fund, which is currently being transferred to the Edinburgh-based investment firm.
The £286m investment trust, which has been managed by Schroders' Philip Matthews since 2014, will be renamed the Baillie Gifford UK Growth fund and co-managed by Baillie Gifford's Milena Mileva and Iain McCombie. The duo will take a different approach to the current strategy, making the trust's philosophy and process more alligned to the long-term with a high active share process that Baillie Gifford implements within its fund range. Mileva said: "Will be taking a very different approach to Schroders. We take a long-term approach, and have a significantly below-average turnover. "T...
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