management founded 1908 headquarters edinburgh scotland key people andrew telfer senior partner website www.bailliegifford.com baillie gifford is an investment management firm which is wholly owned by 41 partners 1 all of whom work full time for the firm . it was founded in edinburgh in 1908 and still has its headquarters in the city . assets under management and advice exceed 130 billion as at 30 june 2016 . contents 1 history 2 references 3 further reading 4 external links history edit baillie & gifford ws was formed in 1907 2 as a partnership between colonel augustus baillie and carlyle gifford . initially it was a law firm but the financial climate of the time led to the business switching its emphasis to investment in 1908 . in 1909 baillie & gifford created the straits mortgage and trust company limited 3 to lend money to rubber planters in malaya . the straits mortgage and trust company limited was renamed the scottish mortgage and trust limited in 1913 4 and this was followed by the introduction of several other investment trusts . baillie gifford s clients and staff emerged relatively unscathed from the first world war and the roaring twenties gave gifford many opportunities to expand the firm s investment business . by 1927 the transition of baillie & gifford ws from a firm of solicitors conducting institutional investment business to a partnership managing investment trusts was completed with the creation of baillie gifford & co. 5 the firm continued to grow steadily until the outbreak of the second world war . baillie died in 1939 6 and the following year gifford was posted to new york on uk government business . however the firm survived the war and the troubled investment climate which followed . after a period of strong growth in the firm s staff and client base gifford retired in 1965 7 at the age of 84 . baillie gifford emerged from a further period of economic weakness in the uk during the 1970s with its position enhanced by growth in the amount of money it managed on behalf of clients . assets under management continued to grow strongly during the 1990s . the firm altered the management structure when it reverted to having joint senior partners . and as the new millennium approached another huge change occurred with the increased use of technology a necessary evolution as the business expanded and the client base became increasingly complex . by the time of its centenary in 2008 baillie gifford had offices in new york and london in addition to its headquarters in edinburgh and was managing more than 50 billion . clients included five of the seven largest pension funds in the us and the firm had also attracted significant levels of business from japan and australia as well as continuing to make inroads in other parts of the far and middle east . 8 references edit baillie gifford about us burns page 3 burns page 6 burns page 12 burns page 28 burns page 43 burns appendix iii baillie gifford about us further reading edit burns richard 2008 . a century of investing baillie gifford s first 100 years . edinburgh birlinn limited . isbn 978 1 84158 781 3 . external links edit baillie gifford & co website trust magazine investment trust news expert analysis videos competitions and more from baillie gifford retrieved from https en.wikipedia.org w index.php title baillie gifford & oldid 743282787 categories 1908 establishments in scotlandcompanies based in edinburghfinancial services companies of scotlandinvestment management companies of the united kingdomfinancial services companies established in 1908british companies established in 1908 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 8 october 2016 at 23 38 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view