Alliance Trust Investments has closed down three funds and announced a number of redundancies as chief executive Katherine Garrett-Cox overhauls the business.
Alliance Trust Investments has closed its UK Equity Income, Asia-Pacific Equity and Japan Equity funds, leading to a number of redundancies. A number of the investment team will leave with immediate effect and a small number of other investment roles have been made transitional, with individuals able to apply for roles in the new structure. The fund closures have been made by Garrett-Cox (pictured) to shift the group's strategy to focus on global equities and fixed income. The group added this will result in four regional equity portfolios reorganised into the existing global port...
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