In 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…
Read the full article here
