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Saba reveals new 5% position in Neuberger Private Equity, doubles RTW Biotech holding to 10%

Saba Capital has disclosed a new 5% stake in Neuberger Private Equity Partners (NBPE), increasing pressure on the £560m investment company to narrow its 28% share price discount. The filing to the London Stock Exchange on Friday is the first time the activist hedge fund has formally stated its position, although its £38.7m Saba Capital […]

Today
sunrise over London

Morning briefing: Gore Street Energy signs two-year tolling agreement on Texas assets; Seraphim Space invests £17.5m in Skylo Technologies; Patria Private Equity returns 2.6% in quiet third quarter for exits

Gore Street Energy Storage Fund (GSF), the £247m battery fund that last month survived a wind-down vote proposed by activist Saba Capital, has announced a two-year tolling agreement on its three Texas projects with Canada’s MAG Energy Solutions (MAG). From 19 October, MAG will manage the bidding, scheduling and dispatch of GFS’ Snyder, Sweetwater, and […]

09 Oct 2026

Opportunities emerging in AI’s shadow

As government bond yields have been rising, investors have re-embraced the comfort blanket of AI stocks. However, there is an increasing sense that a lot is resting on the success of AI adoption – and that may not be a slam-dunk. There are a number of global fund managers actively seeking out alternative sources of […]

09 Oct 2026

Alliance Witan: Stock Spotlight: Techtronic

Interview with Tye Bousada from EdgePoint Techtronic is a leading manufacturer of power tools and equipment, with well-known brands including Milwaukee, Ryobi and Hoover. EdgePoint’s Tye Bousada believes the company is well positioned to benefit from the shift from corded to cordless tools, where it is the market leader, while its focus on specialist, efficiency-enhancing […]

09 Oct 2026

JPMorgan Global Growth underperforms again after underestimating scale and impact of AI “euphoria”

JPMorgan Global Growth & Income (JGGI) has unveiled a second year of underperformance with chair James Macpherson saying its fund managers had “underestimated the scale and market impact of the AI investment boom”. JP Morgan portfolio managers Helge Skibeli, who will retire in 2028, James Cook and Sam Witherow admitted the year to 30 June […]

09 Oct 2026

Seraphim Space says fund raise by satellite operator Xona adds £52m to its valuation

Seraphim Space (SSIT) says Xona Space Systems has jumped to become its second biggest investment after a fund raising earlier this year added £52.2m to the valuation of the Californian company developing a constellation of low-orbit satellites. Seraphim invested $15m (£11.3m) from the £137m it raised in a C-share issue in May as part of […]

09 Oct 2026

Q&A: How should investors vote in the Baillie Gifford US Growth AGM to prevent Saba Capital taking control?

Baillie Gifford US Growth (USA) is urging its 13,000 private investors to vote as soon as they can to protect the investment trust from being taken over by its largest shareholder, Saba Capital.  The £1bn investment company faces its third “existential” challenge from the hostile hedge fund. The US firm owns nearly 30% of the […]

09 Oct 2026

Morning briefing: Baker Steel Resources falls 4.6% in September

Baker Steel Resources Trust (BSRT), the £142m mining fund whose shares have rallied 94% in the past year, saw its net asset value (NAV) per share fall by 8.3p, or 4.6%, to 172.4p in September. This was largely due to decreases in the listed share prices of Tungsten West and Blue Moon Metals. At 132p […]

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