Baillie ‘Extremely Concerned’ by Olympus Management Changes

Oct. 21 (Bloomberg) -- Baillie Gifford & Co. said it was “extremely concerned” by unexpected management changes and “allegations of financial impropriety” at Olympus Corp., according to an e-mailed statement today.

The Edinburgh-based investment management group invests in Olympus Corp on behalf of some of its clients.

To contact the reporter on this story: Andrew Rummer in London at arummer@bloomberg.net

To contact the editor responsible for this story: Tuhin Kar at tkar1@bloomberg.net