Alliance Trust's agreement to appoint two of the non-execs proposed by Elliott Advisors has been proclaimed a victory for the hedge fund, but the trust's future direction remains up in the air.
The two new directors, Anthony Brooke and Rory Macnamara, were among the trio proposed by the US hedge fund and until this morning had been strongly opposed by the trust. But a last minute U-turn has...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till