Alliance Trust saga ends with Elliott on top
The battle between the Alliance Trust board and major shareholder Elliott Advisors has been brought to an end before tomorrow’s AGM in favour of the US activist firm.
The battle between the Alliance Trust board and major shareholder Elliott Advisors has been brought to an end before tomorrow’s AGM in favour of the US activist firm.
Alliance Trust chair, Karin Forseke has taken to the pulpit, appealing to shareholders to vote against resolutions proposed by activist investors Elliott Advisors, at the firm’s April 29 AGM.
Alliance Trust has received a major blow in its battle with major shareholder Elliott Advisors as the influential shareholder advisory and proxy Institutional Shareholder Services revealed its support for Elliott’s position.
Alliance Trust has received a major blow in its battle with major shareholder Elliott Advisors as the influential shareholder advisory and proxy Institutional Shareholder Services revealed its support for Elliotts position.
US hedge fund Elliott Advisors is cranking up the pressure on Alliance Trust as it seeks a shake-up of the board and strategy.
Alliance Trusts board has unanimously rejected a proposal from major shareholder Elliott Advisors to add three new members.
Alliance Trusts board has unanimously rejected a proposal from major shareholder Elliott Advisors to add three new members.
As uncertainty ahead of the September referendum grows, Alliance Trust has prepared first steps to leave its base.
US hedge fund Elliott Associates has grown its stake in Alliance Trust to just more than 10%.
The fixed income team at Alliance Trust Investments has taken on new co-managers from within the firm for two bond funds.
Investment platform Alliance Trust Savings (ATS) has raised its annual administration fees in a move it said will allow it to maintain the quality of service to customers and to continue to meet regulatory standards.
Alliance Trust has added Vodafone to its portfolio, with equity manager Ilario di Bon buying into changes afoot in the European telecoms sector.