James Carthew comments on Saba and the Herald tender offer in Patrick Hosking’s article:
“Saba’s response to Herald’s proposals will finally make its intentions clear to investors in all UK investment companies.
“If it blocks the tender, it will be proof that its real goal is to find ways of trapping investors in funds that it can extract management fees from. Shrinking Herald is bad news for small cap tech companies but this is a boil that needs to be lanced.”
Read the article here