Why Alliance Trust's hedge fund row raises platform due diligence questions

Why Alliance Trust's hedge fund row raises platform due diligence questions

clock

Hedge fund Elliott Advisors' call for a shake-up of the Alliance Trust board represents more than a straightforward corporate dispute, writes Abraham Okusanya. It has implications for adviser platform due diligence...

  Anyone following the row between the management of Alliance Trust and its single largest shareholder, Elliott Advisors, must be wondering where this is all going to end. I'm no expert in corporate governance but I wonder if this raises a few due diligence questions for advisers on Alliance Trust Savings (ATS) - the trust's platform business - and on platforms in general. One of the specific concerns cited by Elliott for wanting a change at board level is ‘the continuing losses in the company's two operating subsidiaries, adding to the total costs borne by shareholders.' One of...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Private markets for the mass affluent: How wealth platforms can scale access

Private markets for the mass affluent: How wealth platforms can scale access

‘The opportunity is clear’

Borja Largo
clock 15 October 2025 • 5 min read
AJ Bell Investcentre integrates with Dynamic Planner to ease adviser admin load

AJ Bell Investcentre integrates with Dynamic Planner to ease adviser admin load

Move to alleviate the administrative burden for advisers using its platform

Jenna Brown
clock 14 October 2025 • 2 min read
AJ Bell platform adds DFM comparison tools from Mabel

AJ Bell platform adds DFM comparison tools from Mabel

Partnership follows other recent launches

Jen Frost
clock 30 September 2025 • 2 min read