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Alliance Witan appoints Jennison as stock picker following £1.5bn merger completion
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investmentweek.co.ukIn a stock exchange notice today (10 October), the trust said the appointment of the $210bn US-based firm, which specialises in companies with «exceptional growth prospects», takes the total number of managers to 11. Jennison previously managed part of Witan's multi-manager portfolio before its merger with Alliance trust, which completed on Wednesday (9 October) with the latter's acquisition of around £1.5bn net assets from Witan. Alliance Trust and Witan merge to form £5bn FTSE 100 vehicle The trust said Jennison's 5% allocation of the portfolio has mainly come from stocks it pre...
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