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Stock impact report

Alliance Trust PLC - Portfolio Update: Stock Picker Change [Yahoo! Finance]

AllianceBernstein Holding L.P. Units (AB) 
Last alliancebernstein holding l.p. units earnings: 4/28 06:20 am Check Earnings Report
Company Research Source: Yahoo! Finance
The Company announces that its investment manager, Willis Tower Watson (“WTW”), has appointed a new stock picker for its multi-manager global equity portfolio. ARGA Investment Management (“ARGA”) replaces Jupiter Asset Management (“Jupiter”) following Ben Whitmore's decision to leave Jupiter later this year and set up his own business. Craig Baker, WTW's Chief Investment Officer and Chair of Investment Committee, said: “While we continue to have high regard for Ben's skill as an investor, this change of circumstances introduces potential risks which will take time to fully assess. We have therefore decided to replace Ben's allocation with one run by another stock picker with a similar value-investing philosophy. This will ensure the portfolio remains balanced across investment styles, regions, and sectors, and continues to seek to generate market outperformance from stock selection. “We would like to express our appreciation to Ben, his team and Jupiter for their contribution to Show less Read more
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