Alliance Witan makes manager change as portfolio transition completes
Alliance Witan investment manager removes Black Creek Investment Management from portfolio
Alliance Witan investment manager removes Black Creek Investment Management from portfolio
Witan Investment trust and Alliance Trust combine under ALW ticker
Concentrated markets can be risky, but concentrated portfolios drive top returns – investors need to re-examine the balance, writes Stuart Gray
Some 8% of Witan’s portfolio is invested in other trusts
The move follows Ben Whitmore’s exit from Jupiter, which ‘introduces potential risks’
Regulatory approval anticipated in the second half of the year
The £3.4bn trust outperformed global markets despite an underweight to the Magnificent Seven – and no exposure at all to Apple and Tesla
Oliver Wayne joined the firm from Willis Towers Watson in 2016