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Saba loses third attempt to take control of Baillie Gifford US Growth as shareholders show up to support their board

Shareholders in Baillie Gifford US Growth (USA) have voted 52.8% to 47.2% against Saba Capital’s resolutions to appoint three of its nominees to the board, with a similar majority backing the existing directors led by chair Tom Burnet. Excluding hedge funds Saba and Sessa Capital, who held over 29% and nearly 8% of the shares […]

Today

“We may be here next year,” says Saba MD after Baillie Gifford US Growth AGM as shareholders wait for poll result

The Baillie Gifford US Growth (USA) annual general meeting is over with shareholders waiting on the board to declare whether Saba’s third attempt to gain control has been successful. An announcement is expected this afternoon once the last remaining votes have been counted. The USA and Baillie Gifford camp were tight lipped as to the […]

Today

Beyond Memory: AVI’s Korea Opportunity

Executive Summary The KOSPI has achieved a remarkable re-rating in 2026, reaching a new all-time high above 8,000 and returning +29% in May alone. Yet beneath the headline figures lies a tale of two markets. Samsung Electronics and SK Hynix now account for c. 53% of the KOSPI index and have driven the overwhelming bulk […]

Today

Where is last year’s £5,000 Investors’ Choice Awards prize winner investing now?

Last year, private investor Geoff Mills scooped the £5,000 prize at the QuotedData Investors’ Choice Awards and like all wise investors added to his investment trust holdings. However, since we spoke to Geoff in November 2025 (click here to read), he’s grown notably more cautious over the course of the 2026, and instead of conventional […]

Today

BlackRock Smaller: the frustrating “disconnect” between company earnings and share price performance continues

A modest allocation to overseas stocks, including three US tech companies, failed to boost half-year returns at BlackRock Smaller Companies (BRSC) as the trust continues to suffer from poor investor sentiment to its asset class. Although boosted by its merger in April with stablemate BlackRock Throgmorton, the now £632m investment trust had a disappointingly flat […]

Today

Marwyn Value offers 2026 realisation shares but says no asset sales planned for next one-to-two years

Marwyn Value Investors (MVI), the Cayman Islands fund that employs a private equity style “buy and build” strategy to UK smaller companies, has published a circular detailing its 2026 realisation share offer. This is the third such offer since the investment company started giving shareholders five-yearly opportunities to switch from the MVI ordinary shares into […]

Today

Morning briefing: FCA supports SFO’s Home REIT investigation; TRIG completes £150m buyback programme, will do more; Helical secures “major letting”; Unite sells London academy school for £40.7m

The Financial Conduct Authority has said that its decision to close its inquiry into the Home REIT (HOME) scandal represented its view that it was better to divert its resources to helping the Serious Fraud Office in the criminal investigation that saw police make six arrests earlier this year. “We have carefully considered the case […]

22 Oct 2026

Tech giants force rethink of growth and value ETF benchmarks

FTSE Russell is considering a major overhaul of its US growth and value indices, as the increasing dominance of a handful of technology giants threatens to undermine the distinction between the two investment styles. Since their introduction in 1987, the Russell indices have divided the market capitalisation of their parent indices equally between growth and […]

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