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On 19 September 2024, an update from QuotedData announced that Alliance Trust (ATST) was selected as a merger partner for Witan (WTAN). Willis Towers Watson (WTW) will continue to manage the combined entity, and ARGA Investment Management has been added as a new manager to Alliance Trust, replacing Jupiter following the resignation of Jupiter's lead manager.
| Date | 19 Sept 2024 |
| Time | 15:57:21 |
| Category | Miscellaneous |
| ID | 9343E |
Alliance Trust - Update from QuotedData
19th September 2024
A new powerhouse
In recent years, we have highlighted the success of Alliance Trust's (ATST) investment approach, which has, on average, outperformed the MSCI All Countries World Index (MSCI ACWI) over any given 12-month period (sampled weekly - see page 12). This success was an important factor in ATST's selection as a merger partner for Witan (WTAN), another global multi-manager investment trust with ATST's manager, Willis Towers Watson (WTW), continuing to manage the combined entity. Assuming the merger proceeds, as seems very likely, ATST shareholders can anticipate the benefits of a larger trust, and one that could enter the FTSE 100 as a result, as well as a reduced management fee.
Beyond the merger, a new manager has been added to ATST's line up: ARGA Investment Management. ARGA, a global value investor, will replace the team at Jupiter, who were removed from the roster following the resignation of their lead manager.
Full Research:
https://quoteddata.com/research/alliance-trust-a-new-powerhouse-qd/
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