Sharesoc sets up action group over concerns about Alliance Trust's future strategy

Concerns about the future strategy of Alliance Trust, the investment company run by Katherine Garrett-Cox, have led the investors' organisation Sharesoc to set up a new shareholder action group. It will campaign on behalf of investors worried about the trust's direction following the recent annual general meeting and the appointment of new directors supported by the private equity firm –and activist investor – Elliott Advisors.