Alliance Trust

14th Apr 2015 07:45

Specialist investment firm Alliance Trust recorded a near double-digit increase in assets under management (AuM) at its retail arm during the first quarter of the year.Assets under administration (AuA) at Alliance Trust Savings rose by 9.2% to reach a record £7.03bn as at 31 March 2015 and management believes it is well positioned to gain from the changes taking place in the savings and pensions market.Alliance Trust Investments, the company's specialist fund management business, ended the session with more than £2bn of third party assets under management (AuM).The company's chief executive, Katherine Garrett-Cox, highlighted how the performance of Alliance Trust's funds had outperformed the global sector over the first three months of the year.Garret- Cox highlighted the contributions to the above of the firm's new Head of Equities, Peter Michaelis, and Simon Clements, who now runs the Trust's equity portfolio.As of 08:42 shares in Alliance Trust were higher by 0.28% to reach 529p.