Cargando…
Investing for generations : a history of Alliance Trust /
A full history of this Dundee-based financial institution, one of Scotland's finest. 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 ac...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Dundee :
Dundee University Press,
2012.
|
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | A full history of this Dundee-based financial institution, one of Scotland's finest. 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. |
|---|---|
| Descripción Física: | 1 online resource (xi, 356 pages, [32] pages of chiefly color plates) : illustrations |
| Bibliografía: | Includes bibliographical references and index. |
| ISBN: | 9781474406192 147440619X 9780748699360 0748699368 9781474471183 1474471188 |