Garrett-Cox urges Alliance investors to look at record

ALLIANCE Trust’s chief executive Katherine Garrett-Cox yesterday fired the latest salvo in the war of words with rebel shareholder Elliott Advisors, urging shareholders to look at the reputations of both parties in the battle.
Katherine Garrett-Cox has attacked Elliott Advisors. Picture: PAKatherine Garrett-Cox has attacked Elliott Advisors. Picture: PA
Katherine Garrett-Cox has attacked Elliott Advisors. Picture: PA

In a blog posted on the Dundee company’s website, Garrett-Cox said Alliance Trust “stands for independence of thought, innovation, focusing on relationships, championing clarity and carefully managing our social impact.”

The chief executive added: “Based on both its track record and our interaction with them, I seriously question whether Elliott can say it stands for the same things.”

Elliott, which holds a 12 per cent stake in Alliance, wants three finance veterans to be appointed to the board to help ­improve its performance.

Related topics: