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Scottish Mortgage Investment Trust is standing by its investment strategy despite admitting that the past 12 months have been “painful for shareholders”.

Scottish Mortgage has defended its investment strategy despite a painful year in which both its share price and the value of its portfolio were in freefall.

Tom Slater (pictured) encouraged investors to remain disciplined and patient after the value of the firms portfolio tumbled nearly 18%.

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A boardroom bust-up and the resignation of its chairwoman has compounded issues at Scottish Mortgage, the UK’s second-largest investment trust whose shares ha

Amid the detritus of recent events, there appears to have been one grown-up in the room. Jamie Dimon, who has been chief exec at JP Morgan since 2005.

Fiona McBain, who has chaired Scottish Mortgage Investment Trus since 2017, will relinquish the role after the annual general meeting in June.

Established 114 years ago to fund Malaysian rubber plantations, the £13.2billion trust today specialises in innovation.

The chairwoman of Scottish Mortgage today announced plans to step down just hours after one of her fellow directors alleged “governance violations” at the FTSE 100 company going back months.The £9.4 billion investment trust said Fiona McBain would step down at the annual meeting in June and would be

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