Willis Towers Watson has appointed Dalton Investments as a stock picker for Alliance trust’s multi-manager global equity portfolio.
Dalton will receive a 4% allocation of capital, which will be funded through a reallocation of the portfolio from the existing nine stock pickers, Alliance said in a trading update today (24 July). As a result, the trust will now have ten stock pickers, including Dalton. Alliance loses 11.3% despite boost from commodities exposure The overall exposure of the portfolio will remain neutral to style, section and region in order to generate market outperformance from stock selection. However, the introduction of Dalton means the portfolio will have a marginal overweight position in ...
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