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==History==
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. Among the other co-founders were the Scots emigrant American banker [[John Stewart Kennedy]] 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>
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