Friday Briefing: Not so strange bedfellows

Friday Briefing

James Baxter-Derrington
clock • 3 min read

Three months on from the retirement of Witan CEO Andrew Bell, which sparked a strategic review of the vehicle, investors have been offered a solution – merge with Alliance Trust to form a likely FTSE 100 company.

If approved, shareholders will find themselves invested in the £5bn Alliance Witan, which will be led by the former, with Alliance chair Dean Buckley maintaining his role in the new trust, while Witan's Andrew Ross will take the deputy seat. There are many similarities between the vehicles, particularly their multi-manager approach, so shareholders may not find too much to balk at from the merger, but there is still plenty to consider before they cast their votes in the autumn. Friday Briefing: And now we wait for August Described as the "most logical move" by Stifel analysts, inv...

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 Companies

Ashmore Group suffers $2bn outflows as institutions slash EM exposure

Ashmore Group suffers $2bn outflows as institutions slash EM exposure

AUM drops by 5%

Valeria Martinez
clock 12 July 2024 • 1 min read
Premier Miton CEO bets on fund sales boost from falling rates as outflows slow

Premier Miton CEO bets on fund sales boost from falling rates as outflows slow

Multi-asset fund outflows continue to bite

Valeria Martinez
clock 12 July 2024 • 2 min read
GAM sells management company arm to Apex Group

GAM sells management company arm to Apex Group

UK, Luxembourg and Ireland operations

Cristian Angeloni
clock 11 July 2024 • 1 min read
Trustpilot