Garrett-Cox urges Alliance investors to look at record

Katherine Garrett-Cox has attacked Elliott Advisors. Picture: PA

ALLIANCE Trust’s chief executive Katherine Garrett-Cox yesterday fired the latest salvo in the war of words with rebel shareholder Elliott Advisors, urging shareholders to look at the reputations of both parties in the battle.

In a blog posted on the Dundee company’s website, Garrett-Cox said Alliance Trust “stands for independence of thought, innovation, focusing on relationships, championing clarity and carefully managing our social impact.”

The chief executive added: “Based on both its track record and our interaction with them, I seriously question whether Elliott can say it stands for the same things.”

Elliott, which holds a 12 per cent stake in Alliance, wants three finance veterans to be appointed to the board to help ­improve its performance.