Bloomberg – Elliott Advisors accused Alliance Trust Plc and its chief executive officer, Katherine Garrett-Cox, of “unbecoming” behavior in the hedge fund’s latest sally at the 127-year-old U.K. money manager.
Elliott renewed its call to install three new independent directors on the board after shareholder Tim Ingram, a former Alliance Trust director, backed its proposal. Elliott also accused the firm, which issued a circular to shareholders last week, of “distorting” its cost base and underperforming peers.
