Alliance Trust rebrands AsiaPac and Japan funds

Alliance Trust Asset Management is renaming its two Premier-branded funds as the final step towards bringing the funds in house.

The £48.54m Premier Alliance Trust Asia-Pacific Equity fund, managed by Kevin Craig and John Chung Lee, and the £34.3m Japan Equity fund, managed by Craig and Jonathan Bolton, were inherited from AT Asset Management (Asia-Pacific) when the Dundee-based firm was set up. They have been under Alliance Trust’s management since then, although Premier had remained the authorised corporate director. The asset manager will drop the Premier name from the funds and bring them under the Alliance Trust Investment Funds brand later this year. “We closed the Hong Kong office because the benefits...