Profile: Scottish Mortgage

But in spite of this old school pedigree Mr Anderson is looking for the winning companies of tomorrow, which has seen him invest in tech giants, such as Amazon and Facebook, and Tesla Motors.

Mr Haynes has been a long-term investor in the trust for his clients. He says: “The trust is focused on long-term growth businesses with the manager looking for long-term themes in the global economy. It is a truly global fund. It is a ‘conviction’ portfolio, with the manager willing to back his ideas and take big positions.”

It has been a strong, long-term performer, up 151% over the past five years. Given the nature of the underlying holdings, the trust is prone to bouts of volatility, but it has been consistently near the top of the AIC global sector over the long-term.

Mr Anderson has been well-supported on the trust by Tom Slater since 2009 and by Baillie Gifford’s ample analyst resources. The group prides itself on its collegiate approach and the longevity of its managers. At £4.2 billion in size, it also has considerable economies of scale, so the charges on the trust are low, with a management fee of just 0.3% per year.