Alliance Trust sees NAV down

Alliance Trust, the FTSE 250 investment company, has seen its net asset value fall 7.5% in the three months to the end of October. It's net assets now stand at £2,457.7mThe firm is currently going through a buy back programme of 15% of its issued shares. So far it has bought 5.9% or 38.3m.Alliance is also facing change at the top with the chairman, Lesley Knox, set to leave the firm in 2012.Dividend for the 11 months to the 31 December is expected to be 8.56p, up 2% on the prior year.Net inflows to Alliance Trust Asset Management in the quarter were £7.3m and the company has also been given permission to launch a "Global Thematic Opportunities Fund" by the FSA, to be managed by Ilario Di Bon and Juergen Lanzer.Alliance Trust shares were down 1.1% at 2.12pm at 330.92.BS