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Scottish Mortgage NAV tumbles 19%

Once top performing Scottish Mortgage Investment Trust has lost almost a fifth of its value in just three months after manager James Anderson's highly-concentrated, leveraged stance left him exposed in the post-Lehman Brothers sell-off.

Once top performing Scottish Mortgage Investment Trust has lost almost a fifth of its value in just three months after manager James Anderson's highly-concentrated, leveraged stance left him exposed in the post-Lehman Brothers sell-off.