Economics
Fund Manager Beating Almost Everyone Says Get Out of London, NYC
- Tom Slater’s American Fund beat 98% of peers in 2018
- The fund is heavy on West Coast giants like Amazon, Tesla
Tom Slater, partner and fund manager at Baillie Gifford & Co.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
To fly from Scotland to Silicon Valley takes 14 hours. Money manager Tom Slater, whose fund is loaded with west-coast tech giants, makes a round-trip from Edinburgh about six times a year. He mostly skips the stops in London and New York.
Five thousand miles is nothing for a Baillie Gifford & Co. partner and fund manager. His American Fund has outperformed at least 97 percent of competitors over the past five years and most intervals in between.