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BAILLIE GIFFORD ACTIVE GILT PLUS A - Manager

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Average monthly relative returns

Bestinvest MRI

07/08 08/09 09/10 10/11 11/12   3 years 5 years Career 3 years 5 years Career
-0.10%   -0.11% 0.0% 0.0% 0.0%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Steven Hay


Manager. Prior to joining Baillie Gifford in 2004, Hay was a fixed income investment manager with Scottish Widows. His considerable experience includes seven years undertaking analysis and research for the Bank of England’s Monetary Policy Committee, and latterly involvement in managing the UK’s foreign exchange reserves. Hay graduated with a BAcc in Economics and Accountancy from the University of Glasgow in 1992 and with an MSc in Economics from Warwick University in 1993.

Track record


The track record of Steven Hay in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Other funds managed

  Start Date
BAILLIE GIFFORD CASH Dec 2010
BAILLIE GIFFORD ACTIVE GILT PLUS A Dec 2010
BAILLIE GIFFORD EMERGING MARKETS BOND A Jul 2011
Periods of worst performance
Absolute -2% (January 2012 - March 2012)
Relative -3% (June 2011 - October 2011)

Sector record since January 2011 (1 yr)


Relative Performance in UNCLASSIFIED


Discrete Monthly Returns - 50% Up Months

About the MRI


Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level. Read more about our approach

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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