SAINTS was initially formed as The Scottish American Investment Company Limited by William Menzies in March 1873. Menzies was an Edinburgh lawyer who had visited the United States on several occasions during the 1860s and was struck during those visits by the wealth of investment opportunities in that young and rapidly growing nation. AmongOther theparticipants otherwere co-founders werethe Scottish emigrant American banker [[John Stewart Kennedy]]<ref>{{cite web|url=https://www.yumpu.com/en/document/read/13419963/john-stewart-kennedy-and-the-city-of-glasgow-bank-business-|website=Dissertations in economic and business history|title=JS Kennedy and the city of Glasgow bank}}</ref> and Dundee and later London financier [[Robert Fleming (financier)|Robert Fleming]].<ref>{{cite book|url=https://books.google.com/books?id=2jyoLCZAbkkC&pg=PA141|title= Capitalism in a Mature Economy: Financial Institutions, Capital Exports and British Industry, 1870-1939|first1=Jean-Jacques|last1= Van Helten |first2=Youssef |last2=Cassis |publisher=Edward Elgar Publishing|year=1990|isbn=978-1852783181}}</ref>
As well as adapting its investment portfolio to changing conditions, the Company has also had to be flexible in how it conducts its affairs. Until 1970, the Company managed its investments itself but this changed in 1970 when Stewart Fund Managers Limited was appointed to manage SAINTS. Stewart Fund Managers and various successor companies acted as SAINTS' manager from that point until 31 December 2003 when management of the portfolio passed to Baillie Gifford & Co Limited.<ref>{{cite web|url=http://www.heraldscotland.com/sport/spl/aberdeen/baillie-lands-pounds-1-25m-a-year-to-run-saints-1.100166|date=12 December 2003|publisher= Herald Scotland|title=Baillie lands (pounds) 1.25m-a-year to run Saints|access-date=3 June 2020}}</ref>
===Historical investments===
Scottish American Investment's subsidiary, "Scottish-American Mortgage Company," financed the well-known [[Swan Land and Cattle Company Headquarters|Swan Land and Cattle Co.]] and [[LIT Ranch|Prairie Land and Cattle Co.]], as well as the [[Leesville, Texas#El Capote Ranch|El Capote Ranch]].<ref>{{cite web|url=http://www.stxmaps.com/go/texas-historical-marker-el-capote-ranch.html |title=Texas Historical Marker - El Capote Ranch |url-status=dead |archive-url=https://web.archive.org/web/20160304185350/http://www.stxmaps.com/go/texas-historical-marker-el-capote-ranch.html |archive-date=2016-03-04 }}{{PD-notice}}</ref><ref name="CapoteHistory">{{cite journal |last1=Muckelroy |first1=Duncan |title=History of El Capote Ranch |journal=East Texas Historical Journal |date=1974 |volume=12 |issue=2 |url=https://scholarworks.sfasu.edu/cgi/viewcontent.cgi?article=1301&context=ethj |access-date=12 May 2020}}</ref><ref name="LOC2">{{cite web|title=El Capote Cabin, National Ranching Heritage Center |url=https://www.loc.gov/item/tx0450/ |website=Library of Congress |publisher=National Ranching Heritage Center |access-date=12 May 2020}}{{PD-notice}}</ref>
==References==
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*[http://www.bailliegifford.com Baillie Gifford & Co Website]
*[https://www.bailliegifford.com/individual-investors/trust-magazine/ Trust Magazine - Investment trust news, expert analysis, videos, competitions, and more from Baillie Gifford]
