ALL CHANGE AT ALLIANCE TRUST - A UK INVESTMENT TRUST

Further change is occurring at Alliance Trust, the UK £3bio listed investment trust on the back of the CEO leaving the board.  The 125year investment trust just announced this month that Karin Forseke, Chairman, will step down following a battle with Elliot Advisors over corporate performance. Initially the firm pushed back on the naming of three new NEDs at the request of Elliot, but eventually relented by giving the right to name two directors to Elliot recently. Alliance Trust has produced a 50% 5year return as of 2015 versus peers making up to or exceeding 100 percent returns.  Lets watch this space...

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