To invest in a widely diversified, international portfolio across a range of asset classes, both quoted and unquoted; to allocate part of the portfolio to exceptional managers in order to ensure access to the best external talent available.
Find out More(ShareCast News) - Alliance Trust said it has received an unsolicited, informal approach from fellow FTSE 250 investment trust RIT Capital Partners that proposed a merger of the two companies. Alliance stressed that "no detailed terms" were provided by RIT and it will incorporate any formal offer w
Read more(Adds detail, background) May 30 (Reuters) - British investment firm Alliance Trust Plc said on Monday it had received an informal merger approach from RIT Capital Partners Plc, which is chaired by financier Jacob Rothschild. Alliance, which manages about 3.4 billion pounds ($5 billio
Read moreMay 30 (Reuters) - British investment firm Alliance Trust Plc said it had received an informal merger approach from RIT Capital Partners Plc, which is chaired by financier Jacob Rothschild. Alliance, which has recently seen the exit of its chief executive and chairwoman, said RIT had not pr
Read more(ShareCast News) - Investment trust RIT Capital Partners said it made £151m in profits before dividends of £23m in the last six months. The group said its total return for the first half of the year was 6.4%, while its share price was up by 11.8% on a total return basis while net assets were up to £
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