Private equity boost for Alliance Trust

Alliance Trust boosted its private equity allocation by 2.6% to 5.4% compared to 2006 and doubled its property income to £4m, or 3.4% of net assets, as stock markets plummeted last year. Katherine Garrett-Cox, chief investment officer of Alliance Trust, says: “We increased investment in private equity during a more difficult year for quoted equities. Quoted equities remain our principal area of investment and we largely hold defensive stocks and companies that will benefit from continuing emerging market growth. “With commercial property prices falling to levels that are now more attrac...