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Fund management ‘irretrievably broken’, says star investor

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James Anderson of Baillie Gifford criticises ‘near pornographic allure’ of earnings reports and headlines

The star technology investor James Anderson has taken a parting shot at fellow fund managers addicted to the “near pornographic allure” of earnings reports and macroeconomic headlines, as he claimed the industry was “irretrievably broken”.

The outgoing co-manager of the FTSE 100-listed Scottish Mortgage Investment Trust said his own “greatest failing has been to be insufficiently radical” over the past two decades.

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