By Elliot Gulliver-Needham Baillie Gifford, one of the largest asset managers in the UK, has been met with a wave of boycotts over its investments in fossil fuels and firms operating in Israel, eventually leading to the end of its long-running sponsorship of Edinburgh Book Festival. Hay festival, which Baillie Gifford also sponsored, parted with the firm last month, with Edinburgh Book Festival following soon after. “Once the relationship with Hay collapsed, that put pressure on the Edinburgh relationship,” James Budden, director of marketing and distribution at Baillie Gifford, told City A.M….