<figure><img src="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iBIXkrgRJ6qs/v4/-1x-1.jpg"><figcaption><div><p>Source: Bloomberg, 01:40:32</p></div><div></div></figcaption></figure><p>Bloomberg Opinion columnist Barry Ritholtz speaks with James Anderson, a longtime partner at Edingburgh-based Baillie Gifford &amp; Co. and joint manager of Scottish Mortgage Investment Trust PLC, who will be retiring in April. Last year, he drew headlines for criticizing the industry as &#x201C;irretrievably broken.&#x201D; Baillie Gifford currently has 326 billion pounds ($441 billion) in assets under management.</p>

Bloomberg Opinion columnist Barry Ritholtz speaks with James Anderson, a longtime partner at Edingburgh-based Baillie Gifford & Co. and joint manager of Scottish Mortgage Investment Trust PLC, who will be retiring in April. Last year, he drew headlines for criticizing the industry as “irretrievably broken.” Baillie Gifford currently has 326 billion pounds ($441 billion) in assets under management.

James Anderson on Why Fund Management Is 'Broken'

Barry Ritholtz looks at the people and ideas that shape markets, investing and business.

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James Anderson on Why Fund Management Is 'Broken'

James Anderson on Why Fund Management Is 'Broken'