Alliance Trust rejects call to review management of portfolio

April 22, 2015 7:00 PM

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LONDON, April 22 (Reuters) - Alliance Trust has no plans to review the in-house management of its 3.6 billion pounds ($5.4 billion) investment portfolio, it said on Wednesday, rejecting a key demand of activist shareholder Elliott Advisors.

Chairwoman Karin Forseke told Reuters in reply to written questions that the board recognised its responsibility to "challenge all elements" of the British investment company's business, and said it would reflect on feedback from shareholders since the rebel investor launched its campaign to revamp ...

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