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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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Munn, C. W.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Dundee : Dundee University Press, 2012.
Temas:
Acceso en línea:Texto completo

MARC

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245 1 0 |a Investing for generations :  |b a history of Alliance Trust /  |c Charles W. Munn. 
260 |a Dundee :  |b Dundee University Press,  |c 2012. 
300 |a 1 online resource (xi, 356 pages, [32] pages of chiefly color plates) :  |b illustrations 
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520 |a 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. 
505 0 0 |t Frontmatter --  |t Contents --  |t Foreword --  |t Preface --  |t Acknowledgements --  |t Chapter 1 Setting the Scene --  |t Chapter 2 Before the Alliance: 1873-1889 --  |t Chapter 3 The Early Years: 1888-1892 --  |t Chapter 4 Globalisation and Depression: 1893-1914 --  |t Chapter 5 The First World War: 1914 -1918 --  |t Chapter 6 From Mortgage Company to Investment Trust: 1918-1939 --  |t Chapter 7 The Second World War: 1939-1945 --  |t Chapter 8 The McCurrach Years: 1945-1980 --  |t Chapter 9 Resurgence and Innovation: 1980-1996 --  |t Chapter 10 Growth and Instability: 1996-2012 --  |t Bibliography --  |t Appendix 1: The Pre-Alliance Balance Sheets --  |t Appendix 2: Alliance Trust Balance Sheets --  |t Index 
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