ALLIANCE Trust chairman Karin Forseke insisted that the battle over the future of the Dundee investment giant was not about the merits of chief executive Katherine Garrett-Cox, even as her former boss Martin Gilbert, head of Aberdeen Asset Management, weighed into the fight.

Mr Gilbert, Aberdeen's chief executive, said the house "would love the opportunity" to run £2.1 billion Alliance Trust, which is facing a vote later this month demanded by hedge fund Laxey Partners, over whether to outsource its investment activities.

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