Garrett-Cox re-focuses Alliance Trust in new role

Alliance Trust's new chief executive Katherine Garrett-Cox has announced a refocus on the vehicle's c...

Alliance Trust’s new chief executive Katherine Garrett-Cox has announced a refocus on the vehicle’s core investments to develop a strategy all of the group’s managers can follow. She said at an Investment Week conference that for the past few years the fund’s management had been sidetracked by the subsidiary businesses which only amount to 1.7% of the portfolio. Therefore, following her promotion to chief executive in August she said shareholders should expect a renewed focus on the investment side of the business after a “pedestrian” NAV performance. “We want to change the emphasis ove...