Aberdeen may oust Garrett-Cox from £2bn Alliance Trust

Gilbert publicly stated yesterday he would “love the opportunity to pitch for the trust,” the report states. He is expected to contact the Alliance trust board outlining Aberdeen’s strong track record running other trusts including Murray International. "If we were given the opportunity, we would run Alliance with our other global portfolios out of our Edinburgh office," Gilbert said, according to the report. Aberdeen would also offer to save Alliance shareholders money by undercutting Garrett-Cox (pictured)'s management fees. The trust has a TER of 0.98%, which has been subject of...