⌘K
t
On 12 March 2026, Alliance Witan PLC (ALW) received an update from QuotedData concerning its 2025 annual results. The results indicated ALW's returns were below its benchmark, the MSCI All Countries World Index (MSCI ACWI), and ALW's manager, Willis Towers Watson (WTW), made two changes to the manager line-up, replacing SGA with Brown Advisory and Artisan with ARGA. Marten & Co was paid to produce this note for Alliance Witan Plc.
Alliance Witan - Update from QuotedData
12 March 2026
Returns based more in reality than hope
Alliance Witan (ALW) has released its 2025 annual results, showing returns below its benchmark, the MSCI All Countries World Index (MSCI ACWI). This note looks at the reasons for this underperformance. ALW's manager, Willis Towers Watson (WTW), says markets are now too focused on short-term trends and momentum, with valuations rising for unprofitable companies based on hope, rather than strong business fundamentals. In contrast, ALW's companies generally have stronger results than the wider market.
Since our last update, WTW has made two changes to the manager line-up, replacing SGA with Brown Advisory and Artisan with ARGA. We outline the reasons for these changes and the implications for ALW's portfolio.
Recent weeks have brought new challenges for markets. WTW believes ALW's diversified portfolio and focus on risk management will help it outperform when markets return to normal.
Full Research:
https://quoteddata.com/research/alliance-witan-returns-based-more-in-reality-than-hope-qd/
This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.
NB: Marten & Co was paid to produce this note Alliance Witan Plc, and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.
QUOTEDDATA
50 Gresham Street | London EC2V 7AY
Tel: +44 (0) 20 3691 9430
www.quoteddata.com | research@quoteddata.com | www.martenandco.com