Rob Gleeson is head of research of FE Research
Key points
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Alliance Trust has changed its management board. Chief executive Katherine Garrett-Cox will leave the post, but remain in charge of the fund management group.
The Trust’s funds perform well, but the structure has to change.
Alliance Trust Investments has performed adequately, and two of its funds made the FE Approved Fund List.
On the total return performance of the Trust’s share price versus its benchmark and sector, the best we can say is that the results do not look too bad.
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