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Garrett-Cox to head Alliance Trust

Alliance Trust has appointed chief investment officer Katherine Garrett-Cox as chief executive. She will take over from Alan Harden on August 29 when he takes up an external appointment.

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Newly appointed Bradford & Bingley chief executive Richard Pym has the task of stabilising the lender as it tries to regain ground in the wake of the credit crunch.Pym, who retired as Alliance & Leicester group chief executive in July 2007, says he will pay special attention to B&B’s deal with GMAC for its books […]

Discount deals

Investing in closed-ended funds over the past 20 years provides a good deal of perspective on the investment trust cycle and I find it inconceivable that discounts will remain as wide as they are at present.

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