Trust analysts: Alliance Trust exit offer for activist Elliott a 'major step forward'

Jayna Rana
clock • 3 min read

Investment trust commentators have welcomed the news Alliance Trust has agreed to buy out Elliott Advisors' near 20% stake in the £3.5bn vehicle at a 4.75% discount to NAV, saying it will "end a turbulent chapter" in the fund's history.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot