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Home  »  QD In The News  »  Investment Trust Insider on Alliance Trust

Investment Trust Insider on Alliance Trust

09
2017
May

Alliance Trust (ATST) has completed the buyback of Elliott’s stake in the company and removed the immediate threat to its future existence – but now the hard work starts.

It will be looking to deliver measurable outperformance of its peer group and its benchmark in order to secure its long-term future. Shareholders are still heading for the exit in droves. Around 11.3 million shares, worth over £75 million, have been bought back since 14 March 2017 (the day when the last of Elliott’s stock was sold). This means that 26.5% of the fund has disappeared (£900 million worth) so far this year….

….read more here

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