Content deleted Content added
The name of Baillie Gifford & Co has been corrected to Limited. |
mNo edit summary |
||
Line 28:
SAINTS has survived numerous events and crises in its long history. Perhaps the most important, in terms of its influence on the future direction of SAINTS, was the First World War. This conflict placed great strain on the nation's finances and companies such as SAINTS were required to sell some of their overseas investments and invest the proceeds in UK government debt. When the war ended, restrictions on new foreign investment encouraged the Company to invest in UK companies. From this point onwards, SAINTS investment portfolio has included both UK and overseas investments.
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
==References==
| |||