Scams and finance often go together.

And in the case of Scottish American Investment Trusts plc, a London-listed investment company that has been managed by Edinburgh-based Baillie Gifford, it did, both figuratively and literally, at least until 9 September.

For until this date Scottish American’s stock market ticker was SCAM.

The SCAM ticker clearly did the trust no harm. For it traded at a premium to net asset value (NAV), as it did on 13 September.

Nonetheless, either Baillie Gifford or Scottish American’s board of directors decided that enough was enough and the SCAM had to go.

As f...