Alliance cites Elliott’s record

Joseph Millis
ALLIANCE Trust yesterday invoked Elliott Advisors’ track record, asking shareholders to reject the activist investor’s call.

It added that the fund was trying to engineer an exit from the investment trust.

Alliance Trust chairman Karin Forseke said in a circular sent to shareholders that the addition of three Elliott-backed members to the board would allow it “to pursue its own agenda and engineer a quick exit from its shareholding”.