Our Research

Subscribe for research RSS Feed
Today

Baillie Gifford US Growth says Saba rejected 99.75% cash exit, urges shareholders to stop hedge fund’s bid for control

Baillie Gifford US Growth (USA) has published its defence document against Saba Capital, the activist hedge fund seeking to replace its board at the annual general meeting next month, saying shareholders should prevent the US firm from destroying the investment trust’s successful approach. Chair Tom Burnet urged shareholders to vote against Saba’s three resolutions before, […]

16 Sep 2026

Gore Street Energy shareholders defeat Saba’s wind-up vote

Gore Street Energy Storage (GSF) has survived the attempt by Saba Capital to wind up the battery fund but has seen a big vote against its chairman. Nearly 56% of votes at today’s annual general meeting in London were against the activist hedge fund’s resolutions to discontinue the company and sell its assets. Turnout was […]

16 Sep 2026

City of London benefits from bids and avoids AI fallout to post 60th year of rising dividends and 21% total shareholder return

City of London (CTY), the biggest UK equity income investment trust, enjoyed a good year to 30 June with the mostly blue-chip portfolio keeping up with the rally in the FTSE All-Share and the company announcing a record 60th consecutive rise in annual dividends. Janus Henderson fund managers Job Curtis and David Smith delivered a […]

16 Sep 2026

Morning briefing: Invesco Asia Dragon manager Ian Hargreaves to retire; Supermarket Income re-rates after “transformation”; Nippon Active underperforms Japan’s AI rally; HarbourVest confirms $400m tender for November

Ian Hargreaves, former lead manager of Invesco Asia Dragon (IAD), will retire from Invesco Fund Managers Limited next March after more than 30 years with the firm. Hargreaves was lead manager of the former Invesco Asia Trust from March 2011 to May 2024 before sharing the role with Fiona Yang, who will continue in her […]

15 Sep 2026

Active ETF growth could come at expense of existing funds, MSCI survey suggests

European fund managers expanding into active ETFs face a question over how much business will come from new investors and how much will migrate from their existing funds. MSCI’s ETF Intelligence Survey 2026, published on 14 September, found that 58% of respondents said an active ETF allocation from a manager they already use would most […]

15 Sep 2026

Schroder Asian Total Return warns China’s cheap AI firms are “wake-up call” for lofty OpenAI and Anthropic valuations

Schroder Asian Total Return (ATR) fund managers have sounded the alarm over a potential bubble in Korean and Taiwanese technology stocks as well as the US artificial intelligence developers they supply, amid renewed signs that the immense capital spending on AI may be waning. Half-year results showed the £638m investment trust benefited from the boom […]

15 Sep 2026

Gresham House Energy Storage says “there is a lot more growth to come” as it rejects activist’s advice to sell up

Gresham House Energy Storage (GRID) has rejected the call from PrimeStone Capital for the £565m battery fund to put itself up for sale saying its recovery strategy is working. Having consulted extensively with other shareholders since PrimeStone published its open letter on 30 June, GRID chair John Leggate said he had received strong support for […]

15 Sep 2026

Simon Bennett resigns as Alternative Income chair as Glenstone’s victorious Adam Smith returns to the board

Update: Simon Bennett, chair of Alternative Income REIT (AIRE), has resigned after Glenstone director Adam Smith returned to the real estate investment trust’s board after winning control of the company last week. Smith, who stepped down from the AIRE board in July as Glenstone’s bid grew increasingly hostile, returns as a non-executive director with Stephanie […]

Upcoming Events