Wealth and Asset Management
Baillie Gifford and JO Hambro took losses on First Republic before write-off
Baillie Gifford and JO Hambro sold out of their positions in First Republic Bank a matter of weeks before it was bought by JP Morgan on Monday. Baillie Gifford held the US bank in its £633m Sustainable Growth fund. At the end of January, the position amounted to 2.5%, according…
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