Alliance Trust has announced that Willis Towers Watson, its appointed investment manager, has added a new stock picker, Vulcan Value Partners (VVP), to its list of list underlying investment managers. Alliance Trust follows, what it describes as, a “best-in-class multi-manager investment strategy”. The appointment of VVP takes the number of stock pickers selected for the Trust from eight to nine. As at the end of August, the best ideas from the nine stock pickers produced a portfolio of almost 200 holdings. VVP accounts for 8.5% of the portfolio.
Abut Vulcan Value Partners
VVP is a boutique equity manager based in Birmingham, Alabama, with over US$12bn of assets under management, supported by a 15 strong investment team. It was established in 2007 by C.T. Fitzpatrick. Fitzpartick has over 30 years’ experience, serves as the Chief Investment Officer of the firm and will be the lead portfolio manager for the Alliance Trust account. VVP recently reopened capacity for new investors, having been closed since 2015.
The new active global equity manager will employ a concentrated, best-ideas approach when picking stocks for the Alliance Trust portfolio and the announcement says that it is expected to add a differentiated source of active return, complementing the existing stock pickers within the portfolio.
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