Alliance Trust

Alliance Trust chief executive Katherine Garrett-Cox has defended her remuneration package ahead of a crucial week for the company, saying she has fully reinvested her 2014 and 2015 bonuses as a sign of "commitment".

The argument for 'sustainable' investment

Alliance Trust has hit back after a third shareholder body came out in support of Elliott Advisors in its campaign to overhaul the investment company.

Another shareholder body has added its voice to those recommending that Alliance Trust shareholders support the changes put forward by Elliott Advisors.

Alliance Trust has revealed it has "accelerated the process" of the search of a new non-executive director ahead of its crucial AGM later this month.

Global trusts attracted the highest level of interest on the Association of Investment Companies'(AIC) website in the first quarter of this year.

Alliance Trust may find inertia its most powerful weapon in the attempt to fight off Elliott Advisors' proposals for change at the company.

Elliott Advisors has increased its voting stake in Alliance Trust in the run up to the trust's annual general meeting later this month.

Alliance Trust's own corporate broker has admitted recent criticisms of the company have landed some "heavy blows" and has suggested a formal review of its business model.

Tim Ingram, chair of the Wealth Management Association and a former director of Alliance Trust, has backed Elliott Advisors' proposals to add three non-execs to the trust's board.