16th November 2018
Established 1872. Online since 1996.

SIC’s portfolio returns impress leader Coutts

0 comments, , by , in News

Steven Coutts said he was “very content” with Baillie Gifford’s work.

Portfolios worth £195 million run on behalf of the council have been performing well, according to fund managers.

Baillie Gifford representatives told councillors in Lerwick Town Hall this morning (Wednesday) that the SIC’s investments had secured greater returns than targeted.

Council leader Steven Coutts said he was “very content” with the Edinburgh-based firm’s work, adding: “I’m happy to note the satisfactory performance.”

Baillie Gifford runs three portfolios for the council – “diversified growth”, “overseas equities” and “UK equities” – with a combined value of £194.8 million.

For more, see Friday’s print edition of The Shetland Times.

Your Comment

Please note, it is the policy of The Shetland Times to publish comments and letters from named individuals only. Both forename and surname are required.

Comments are moderated. Contributors must observe normal standards of decency and tolerance for the opinions of others.

The views expressed are those of contributors and not of The Shetland Times.

The Shetland Times reserves the right to decline or remove any contribution without notice or stating reason.

Comments are limited to 200 words but please email longer articles or letters to editorial@shetlandtimes.co.uk for consideration and include a daytime telephone number and your address. If emailing information in confidence please put "Not for publication" in both the subject line and at the top of the main message.

This site uses Akismet to reduce spam. Learn how your comment data is processed.