Independent Investment Trust (IIT) AGM Report

AGM report of The Independent Investment Trust – March 13, 2018

The Independent Investment Trust (IIT), as its name implies is not your ordinary run-of-the mill investment trust. It was set up 18 years ago by Max Ward, as a sort of ‘retirement project’ after he stepped down as a long-time partner of Edinburgh fund managers Baillie Gifford, where he had managed its flagship Scottish Mortgage Investment Trust for more than a decade.

The AGM, held at Baillie Gifford’s headquarters a few minutes walk from Edinburgh’s Waverley station, started at the sensible time of 4.30pm, giving shareholders from faraway places plenty of time to get there. Around 30 turned up, and whilst there were a few questions, it was clear that most attending were members of the…

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