Alliance Trust removes the shackles by buying out Elliott but has it done enough?


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The activist investor, responsible the massive recent changes at the Victorian era trust, has built up a near twenty per cent stake, that was spoiling investor sentiment following the implementation of a new investment strategy. Alliance Trust (LON:ATST) has agreed to buy back the entire stake held by Elliott, the activist investor and largest shareholder…


Surely they’re in last chance saloon before they’re taken over by Baillie Gifford or Henderson or someone.

I sold my last holding in December and switched in to Witan which seems a better option for me, with better performance and proven management.

Also quite like Seneca as a bit of an insurance policy against all with the market getting ahead of itself. Pays a nice dividend too.