Star stock-picker James Anderson retires from Baillie Gifford

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Anderson was early to spot potential in technology firms such as Tesla, Amazon and Alibaba

James Anderson, the star stock-picker of the FTSE-100-listed Scottish Mortgage Investment Trust, is to step down as manager of the Baillie Gifford fund after more than two decades in which the fund has delivered investors 1,700% in returns.

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Anderson, who has made huge returns for investors by staking early bets on emerging technology companies such Tesla, Amazon and China’s Alibaba, announced on Friday that he would retire in April 2022.

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