Scottish Mortgage Sees Valuations Drop: The London Rush

Good morning. Scottish Mortgage Investment Trust Plc, the flagship fund of investment firm Baillie Gifford, said most of the private company holdings it reassessed this year lost value. A small number of private firms managed to raise capital, with some easing short-term liquidity pressures, the company said.

Scottish Mortgage kept its interim dividend unchanged from last year and said market scepticism around the performance and valuation of its private assets is “misplaced.”