Elliott Advisors has increased its voting stake in Alliance Trust in the run up to the trust's annual general meeting later this month.
Alliance Trust's own corporate broker has admitted recent criticisms of the company have landed some "heavy blows" and has suggested a formal review of its business model.
Elliott Advisors has responded to Alliance Trust's formal circular to shareholders, rejecting the company's claims and accusing its board of resorting to "personal attacks".
Why Alliance Trust's hedge fund row raises platform due diligence questions
Alliance Trust has cut the ongoing charges figure (OCF) across portfolios by 20% as part of its focus on cost-cutting.
Gregor Stewart, a former FD of Lloyds Banking Group's insurance division, has joined Alliance Trust as a non-executive director.
Alliance Trust has begun to implement plans to relocate parts of the business to England, amid growing uncertainty caused by the upcoming referendum on Scottish independence.
Alliance Trust has suffered a slowdown in returns in the third quarter which it saw was due to its high allocation to US equities.
Attendees to the Institute of Financial Planning's (IFP) Scottish conference will get the chance to hear from Ian Woodall, a British climber who has conquered Mount Everest on several occasions.
Edward Troughton, managing director of Alliance Trust Investments, is to leave the group to pursue another opportunity in the industry.