Fund Management

Scottish Investment Trust to Launch Asset Management Operation in Hong Kong

Stephen Harris, 26 September 2006

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Dundee-based investment trust Alliance Trust is planning to launch an asset management arm. AT Asset Management will be based in Hong Ko...

Dundee-based investment trust Alliance Trust is planning to launch an asset management arm.

AT Asset Management will be based in Hong Kong, and will initially launch two portfolios run by Alliance's fund managers.

"We have formed the asset management company so that we can unlock the full potential of our expert investment team, to create value for shareholders," said Alliance Trust chief executive Alan Harden.

Anthony Muh, Alliance Trust's head of Asia Pacific, will lead a team of three fund managers and three analysts in the new company. The asset management arm will offer Asia-Pacific ex-Japan equity and Japanese equity open-ended funds for UK investors.

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