Forseke

Alliance Trust Director Steps Down

It was announced this morning (27/11/2015) that Karin Forseke, Chair of Alliance Trust, will step down in January 2016. Gregor Stewart will take over as Chairman. Alliance Trust has been the focus of campaigns by Elliott Advisors and ShareSoc to get some changes made to this company so as to improve its performance (see https://www.sharesoc.org/alliance.html ) . Although the company has recently announced some changes, and has been furiously buying back shares – presumably in an attempt to close the discount to NAV, ...