Alliance Trust
Chairman) | |
Products | Investment Trust |
---|---|
Revenue | £69.6 million (2023)[2] |
£59.6 million (2023)[2] | |
£53.3 million (2023)[2] | |
Total assets | £3,576.6 million (2023)[2] |
Total equity | £3,336.7 million (2023)[2] |
Website | alliancetrust |
Alliance Trust plc is a publicly traded investment and financial services company, established in 1888 and headquartered in Dundee, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. It is one of the largest investment trusts in the UK.[3]
History
The Alliance Trust plc was formed by the 1888
The Trusts later moved into fixed income investing in the 1920s and 30s, before adding significant quantities of shares to their portfolios in the late 1950s.[8] A savings division was established by Alliance Trust in 1986, offering pensions and other investment products.[9] A formal merger with The Second Alliance Trust was finally conducted in 2006, as the investment strategies of the two companies had come to closely resemble each other.[10]
The company left its headquarters of over 90 years, Meadow House in Dundee's Reform Street on 1 June 2009 for a purpose-built facility on 8 West Marketgait in Dundee City Centre.[11][7]
In 2011, it was reported that University of Dundee Archive Services had become custodians of the Alliance Trust's extensive archives.[5][12]
Following criticism by
Investment strategy
In December 2016,[14] the board announced that the Trust would change its investment philosophy to a multi-manager model in a bid to improve performance.[15] In March 2017, the Trust's shareholders approved the change in approach.[16] The Trust then formally appointed Willis Towers Watson (WTW) as investment manager with effect from 1 April 2017.[17]
Former operations
Until October 2018, Alliance Trust was the parent company of Alliance Trust Savings Limited, an execution-only
References
- ^ a b "Alliance Trust plc overview - Find and update company information - GOV.UK". Companies House. 21 April 1888. Retrieved 13 February 2024.
- ^ a b c d e "Annual Results 2023". Alliance Trust. Retrieved 7 March 2024.
- ^ "Analyse Investment Companies. The Association of Investment Companies. Retrieved 1 June 2017".
- ^ a b "About us: History 1873–1888". Alliance Trust. Archived from the original on 24 September 2008. Retrieved 18 February 2008.
- ^ a b Baxter, Kenneth (March–April 2011). "The Alliance Trust: Dundee and the Wild West" (PDF). Broadsheet- the SCA Newsletter (1): 6. Retrieved 9 June 2011.
- ^ a b "About us: History 1918–1966". Alliance Trust. Archived from the original on 25 September 2008. Retrieved 18 February 2008.
- ^ a b "MS 335 Alliance Trust Archive". Archive Services Online Catalogue. University of Dundee. Retrieved 13 October 2014.
- ^ Bolger, Andrew (6 February 2005). "On the way up in the oldest lift in the land". Financial Times. Archived from the original on 2 August 2009. Retrieved 18 February 2008.
- ^ "About us: History 1969–1998". Alliance Trust. Archived from the original on 25 September 2008. Retrieved 18 February 2008.
- ^ Farrow, Paul (29 March 2006). "Alliance puts its trust in £2.8 billion merger". The Daily Telegraph. London. Retrieved 18 February 2008.[dead link]
- ^ Robbins, Bruce (9 January 2007). "Alliance Trust makes city hub of expansion". The Courier (Dundee). Archived from the original on 4 August 2009. Retrieved 18 February 2008.
- ^ "Business Archives". Archives, Records and Artefacts at the University of Dundee. Retrieved 13 October 2013.
- ^ "Katherine Garrett-Cox to leave Alliance Trust". BBC. 15 February 2016. Retrieved 28 March 2016.
- ^ Patrick Hosking (16 December 2016). "Alliance splinters after reshuffle ends era of Katherine the Great". The Times. Retrieved 10 November 2021.
- ^ Dan Jones (15 December 2016). "Alliance Trust to switch to multi-manager model". Financial Times. Retrieved 10 November 2021.
- ^ Margaret Taylor (27 April 2019). "Alliance Trust investment chief remains upbeat despite recent performance". The Herald. Glasgow. Retrieved 10 November 2021.
- ^ Brearley, Beth (16 January 2017). "Alliance Trust names Willis Towers Watson investment manager". Fund Strategy. Retrieved 7 June 2017.
- ^ Ellis, Tom (22 October 2018). "Alliance Trust Savings sold to Interactive Investor for £40m". Investment Week. Retrieved 1 February 2019.