"Alliance Trust, the facts" ?4 Apr 2015 08:11
According to the Daily Telegraph, "Alliance Trust, the facts: it HAS underperformed in 8 of the last 10 years".
" Telegraph Money view
However you slice the data, Alliance Trust has been a mediocre to poor performer for many years. No performance measures, not even those summoned by Alliance's own board in its defence, demonstrate a clearly sustained improvement in performance since Katherine Garrett-Cox took office in 2008. Although the board's claims of recently improved performance are borne out in the latest statistics, these are short time periods upon which to pin any hopes of a decided turnaround.
The trust has altered its personnel and approach frequently in recent years, itself a cause of concern for shareholders. Ms Garrett-Cox has had sufficient time in which to demonstrate a clear, new path for Alliance, but has failed to. Many shareholders are very committed to this trust, having inherited shareholdings which they hope never to sell.
They have cause to question their loyalty to the current management."