Elliott Advisers increases voting rights in Alliance Trust from 5.07% to 9.94%
The activist hedge fund Elliott Advisers has added to its voting rights in the UK-listed investment trust Alliance Trust from 5.07% to 9.94%. The stock exchange announcement from Alliance Trust of 1 April disclosing the transaction can be viewed here.
Background:
Elliott Advisers has proposed three nominees for election to the Alliance Trust board. As previously reported, Elliott has also criticized governance and costs at Alliance Trust.