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Scottish Mortgage and Ark Are in a Huge Drawdown Since Early Mid-2021
Scottish mortgage and Ark have been in a huge drawdown since early mid-2021. But the structure of Scottish mortgage means they probably don't have to engage in a fire sale despite these stocks being down in value unless they get into trouble. Bailey Gifford generally buys businesses, which are global, even though they're unlisted, worth around 10 billion on average.