Alliance Witan Ord
ALITF
Other OTC- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Grant Lindsay
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- River Court, 5 West Victoria Dock Road Dundee United Kingdom DD1 3JT
- IPO Date
- Jan 17, 2012
- Website
- alliancewitan.com
- Similar Companies
- Business
- Alliance Witan plc (ALITF) is a FTSE 100-listed United Kingdom investment trust that provides long-term capital growth and rising dividends through a multi-manager global equity portfolio. The company invests primarily in global equities across diverse sectors and industries, utilizing a distinctive approach with 11 elite stock pickers, including GQG Partners, Sands Capital, Vulcan Value Partners, Lyrical Asset Management, Veritas Asset Management, Metropolis Capital, ARGA Investment Management, Jennison Associates, EdgePoint Investment Group, Sustainable Growth Advisers, and others; each manager selects up to 20 high-conviction stocks (except GQG Partners' emerging markets mandate with up to 60 stocks), with allocations actively balanced by investment manager Willis Towers Watson (WTW) for geographic, sector, and style diversification. The portfolio targets retail investors, professionally advised private clients, and institutions as a core, low-maintenance holding designed to outperform the MSCI All Country World Index over the long term while mitigating stock market volatility. Founded in 1888 through the merger of Dundee-based mortgage and land companies, Alliance Witan plc was originally headquartered in Dundee, Scotland, with management transferred to WTW in London in 2017; it lists on the London Stock Exchange under ticker ALW (OTC: ALITF) with net assets of approximately £5.2 billion as of December 2024. In a landmark development, the company formed in 2024 via the merger of Alliance Trust plc and Witan Investment Trust plc, completed on 10 October 2024 through Witan's voluntary liquidation and scheme of reconstruction, acquiring £1.5 billion in net assets from Witan at no cost to shareholders and rebranding as Alliance Witan plc on 11 October 2024; this elevated it to FTSE 100 status, reduced ongoing charges to 0.56% (net of WTW fee waiver), lowered management fees through economies of scale, and ensured progressive dividends commensurate with legacy Witan payouts, marking the 58th consecutive annual increase to 26.7 pence per share for 2024. Recent strategic changes include adding Jennison Associates post-merger for growth-oriented exposure and replacing Black Creek Investment Management with EdgePoint Investment Group due to succession issues; in September 2025, Sustainable Growth Advisers and ARGA Investment Management were replaced with Artisan Partners and Brown Advisory to refresh the manager lineup; the board expanded with four former Witan directors, and Dean Buckley assumed the chairmanship in January 2024. Alliance Witan operates globally with exposure to major stock markets, maintains modest gearing of around 8%, and conducts share buybacks (4.7 million shares in 2024) to manage its discount to net asset value, which narrowed to 4.7% on average versus the AIC Global sector's 7.9%; WTW, based at 51 Lime Street, London, oversees the portfolio as investment manager since 2017.