Investing for Generations

A History of the Alliance Trust

Charles Munn (Autor)

Buch | Hardcover

250 Seiten

2013
Discovery Press (Verlag)
978-1-84586-143-8 (ISBN)

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This history of the Alliance Trust, one of Scotland's oldest and most interesting companies and the UK's largest general investment fund, is a story of flexibility, patience, careful management and acting in the best interests of shareholders. Alliance Trust began life in Dundee in 1888 as a mortgage company financing farmers in the American West. It inherited the business of several Dundee-based mortgage companies that had lent, wisely and unwisely, on large and small tracts of land in Oregon, Texas, Kansas and New Mexico. It was an industry leader from the outset but, unlike some of the companies it had acquired, it soon built a reputation for stability and prudence. Despite the company discovering oil on some of the land that in owned in the USA, the economic difficulties of the inter-war years necessitated a change of business strategy. It made the transition from lending on mortgages to investing in securities. It enjoyed the boom years of the 1950s and 1960s, fought its way through the troubles of the 1970s and, when better times returned in the 1980s, it extended its reach, first into asset finance and then into retail savings and investment products.

Charles Munn is the current chairman of the Customer Contact Association Academy. He is also a lay member of the Investigations and Professional Enforcement Committee of the Institute of Chartered Accountants of Scotland. He is an honorary professor in the universities of Dundee, Stirling, Glasgow and West of Scotland where he gives lectures on business ethics. He received the OBE in 2005 for services to banking.

Erscheint lt. Verlag	6.2.2013
Zusatzinfo	28 black and white illustrations, 21 colour illustrations, 31 black and white tables
Verlagsort	Dundee
Sprache	englisch
Maße	156 x 234 mm
Themenwelt	Geisteswissenschaften ► Geschichte
	Wirtschaft ► Betriebswirtschaft / Management ► Allgemeines / Lexika
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
ISBN-10	1-84586-143-4 / 1845861434
ISBN-13	978-1-84586-143-8 / 9781845861438
Zustand	Neuware