2018 marks 150 years of investment trusts
Pearson joins with immediate effect
Spent 12 years in regulation
Video rounding up the latest deals
Also approve change in investment mandate
Follows concerns from institutional advisory groups
Boards reassessing strategies
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.
Initiating share repurchase programme