Alliance Trust PLC - Portfolio Update: Alliance Trust Stock Picker Change
Portfolio Update: Alliance Trust Stock Picker Changes
Alliance Trust PLC today announces that its investment manager, Willis Towers Watson (WTW), has appointed Lomas Capital Management LLC (Lomas) to be one of the best-in- class1 stock pickers in its multi-manager investment strategy.
Lomas’ investment process identifies economic and fundamental trends on the basis of which the firm purchases stocks that it believes are most likely to benefit from these trends. Lomas does not identify with a particular pre-defined style of investing; instead, it adapts its portfolios to market opportunities, differentiating it from the other stock pickers in the Alliance Trust portfolio. Further information on Lomas is available on the Company’s website at www.alliancetrust.co.uk.
Lomas is an independent, majority employee-owned, boutique investment firm with a strong investment-led culture specialising in thematic investing. It was founded in 2012, in
At the same time, the appointment of First Pacific Advisers (FPA), which has managed part of the Company’s portfolio since the Company implemented its current investment strategy on
Lomas is being allocated 9% of the Company’s portfolio to manage. This will be funded from a reallocation of the portfolio, primarily the allocation previously managed by FPA. A transition manager has been appointed and Lomas’ appointment will be effective once the transition has been completed. As part of the transition, adjustments are also being made by WTW to re-balance the risk in the portfolio.
“The Willis Towers Watson research team has identified Lomas, as a high calibre manager that has a differentiated approach to the other eight stock pickers managing the Company’s portfolio. We believe this will bring a new source of outperformance, with a low correlation to the other stock pickers, ultimately leading to enhanced risk-adjusted returns and further diversity of the portfolio.
Lomas utilises a thematically-driven investment process, within an unconstrained, style-agnostic approach. Its approach is quite distinctive and we are excited to introduce Lomas to our manager line up for the Company. Lomas’ concentrated stock picks will only be accessible to
We believe that the best way to deliver long-term outperformance to investors is to combine the best ideas from the best stock pickers1 globally into one high conviction but diversified portfolio, and offer it at a competitive fee.”
About Alliance Trust PLC (ATST)
Alliance Trust PLC is one of the oldest and largest investment trusts in the
|For more information, please contact:|
Head of Marketing and Investor Relations
|Alliance Trust PLC||Quill PR|
|Tel: 07918 724303||Tel: 020 7466 5050 / [email protected]|
1 As rated by Willis Towers Watson
Quick facts: Alliance Trust
Market Cap: -
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE