Baillie Gifford's Durrant appointed to Pacific Horizon trust

Manager in EM equity team

Ben Durrant has been appointed a deputy portfolio manager to the Pacific Horizon trust, the company revealed yesterday (9 January).

Durrant is an investment manager in Baillie Gifford's emerging markets equity team, which he joined in 2021. He has been with the firm since 2017 and previously was part of the UK, global discovery and private companies teams. The £587m trust is run by Roderick Snell and invests in the Asia-Pacific region, not including Japan, and the Indian sub-continent. Terry Smith lands £36m payout despite turbulent year for Fundsmith Equity It is trading on a 5.6% discount, according to Morningstar data. In the 12 months to 9 January, the fund has lost 27.6%, while the Asia Pacific AIC sector ...