Elliott grows stake in Alliance Trust
US hedge fund Elliott Associates has grown its stake in Alliance Trust to just more than 10%.
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.
Alliance Trust Savings has added 14 fund managers to its investment platform, growing the number of clean share class funds to more than 2,000 ahead of its target.
We all have the ability to look back in history with rose-tinted glasses especially to the periods when we were growing up (the 1970s in this case), even if that means remembering those skin-tight flares, platform shoes and black and white TVs.
Alliance Trust had its best Q1 for 15 years due to strong global equity performance and limited exposure to the UK market.
Alliance Trust increased its dividend by 7% in 2012, its 46th consecutive annual increase, following a year of portfolio restructuring and team consolidation.
Alliance Trust Savings (ATS) has expanded its platform intermediary sales force to eight members and appointed a marketing communications head as part of a “major push” for 2013.
While stock markets and economies continue to diverge from each other, George Renouf argues that well-managed companies are still the driver of returns as long as investment strategists remain patient.
At the Portfolio Adviser Expert Investor US event, the wealth manager delegates heard about the lack of impact they could expect from the fiscal cliff that will be reached on – or pushed back from – 1 January next year.
Alliance Trust has completed a major portfolio restructuring which has seen its number of holdings reduced by 50% and, for the first time in 27 years, its largest holding a firm listed outside the UK.