Activist Group Attacks Alliance Trust ‘Spin’ And Management

Activist group attacks Alliance Trust ‘spin’ and management

The activist investor Elliott Advisors stepped up its attack on Alliance Trust’s management team yesterday, accusing it of acting in a “manner unbecoming of a public company”. The New York hedge fund, which has waged war with the Argentine government and stirred up trouble at companies including National Express and Morrisons, wants to overhaul Alliance’s board.…