Scottish American Investment Company

The Scottish American Investment Company (LSE: SAIN) is a publicly traded investment trust. It invests in a broad range of UK and international assets. The Scottish American Investment Company is managed by Baillie Gifford & Co Limited, the Edinburgh-based investment management partnership. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[1]

The Scottish American Investment Company
TypePublic
LSE: SAIN
IndustryInvestment management
Founded1873
HeadquartersEdinburgh, Scotland, UK
Key people
James Dow, Toby Ross, Joint Managers
Total assetsAUM £ 665M July 2019
ParentBaillie Gifford & Co Limited
Websitewww.saints-it.com

History

SAINTS was initially formed as The Scottish American Investment Company Limited by William Menzies in March 1873. Menzies was an Edinburgh lawyer who had visited the United States on several occasions during the 1860s and was struck during those visits by the wealth of investment opportunities in that young and rapidly growing nation. Among the other co-founders was Dundee and later London financier Robert Fleming.[2]

As well as adapting its investment portfolio to changing conditions, the Company has also had to be flexible in how it conducts its affairs. Until 1970, the Company managed its investments itself but this changed in 1970 when Stewart Fund Managers Limited was appointed to manage SAINTS. Stewart Fund Managers and various successor companies acted as SAINTS' manager from that point until 31 December 2003 when management of the portfolio passed to Baillie Gifford & Co Limited.[3]

Historical investments

Scottish American Investment's subsidiary, "Scottish-American Mortgage Company," financed the well-known Swan Land and Cattle Co. and Prairie Land and Cattle Co., as well as the El Capote Ranch.[4][5][6]

References
  1. "FTSE UK Index Series: Annual Review June 2020". 3 June 2020. Retrieved 3 June 2020.
  2. Van Helten, Jean-Jacques; Cassis, Youssef (1990). Capitalism in a Mature Economy: Financial Institutions, Capital Exports and British Industry, 1870-1939. Edward Elgar Publishing. ISBN 978-1852783181.
  3. "Baillie lands (pounds) 1.25m-a-year to run Saints". Herald Scotland. 12 December 2003. Retrieved 3 June 2020.
  4. "Texas Historical Marker - El Capote Ranch". Archived from the original on 4 March 2016. This article incorporates text from this source, which is in the public domain.
  5. Muckelroy, Duncan (1974). "History of El Capote Ranch". East Texas Historical Journal. 12 (2). Retrieved 12 May 2020.
  6. "El Capote Cabin, National Ranching Heritage Center". Library of Congress. National Ranching Heritage Center. Retrieved 12 May 2020. This article incorporates text from this source, which is in the public domain.
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