By MIKE SHEEN, This is Money, 4 February 2025: Saba has suffered its fourth consecutive defeat at the hands of investment trust investors after Henderson Opportunities (HOT) shareholders rejected the hedge fund’s takeover proposals HOT is one of seven investment trusts targeted by Saba’s plans to seize control of boards and management, with the hedge […]
Questor on JPMorgan Global Growth and Income – This trust’s controversial dividend plan has paid off Goodwill should see JP Morgan Global Growth through short-term volatility Ordinarily, most investment trusts paying a dividend will seek to cover the cost from their underlying revenue, but one of the strengths of the structure is that boards have […]
Patrick Hosking, Financial Editor, The Times, 3 February 2025: A London-listed investment company used by investors to back potential US tech winners has emphatically seen off a threat by the New York activist hedge fund group Saba Capital. The £750 million Baillie Gifford US Growth Trust said shareholders had voted by 65.6 per cent to […]
By MIKE SHEEN, This is Money, 3 February 2025: Saba has been handed a second and third consecutive defeat at the hands of UK investment trust investors, after Baillie Gifford US Growth and Keystone Positive Change shareholders rejected the hedge fund’s proposals. The pair are two of seven trusts targeted by Saba’s plans to overhaul […]
By Emma Wallis, News editor, Trustnet, 3 February 2025: The boards of Baillie Gifford US Growth and Keystone Positive Change achieved decisive victories today as Saba Capital Management’s proposals to unseat them were defeated. The majority of Baillie Gifford US Growth trust’s shareholders made their voices heard, with votes cast representing 78.4% of total voting […]
Elliot Gulliver-Needham, Investment Reporter, CityAM, 4 Feb 2025: Saba Capital launched a campaign against seven UK trusts in December. Saba Capital has lost two more votes in the US hedge fund’s campaign to take over a variety of UK investment trusts, leaving its campaign looking increasingly unlikely to succeed. Two trusts run by Baillie Gifford, […]
Investment trust show #11: Fighting off activist investors and the attractions of Japan Dan Coatsworth talks to James Carthew about Saba and investment trust activism in general. https://www.ajbell.co.uk/podcasts/episode/money-markets/2025-02-03
by Holly McKechnie, Investors’ Chronicle, January 31, 2025: With interest rates and the cost of borrowing rising in recent years, times have looked more challenging for private equity investors. Such uncertainty, inevitably, has fed through into investor behaviour. That’s reflected quite clearly by a drop-off in the level of asset sales within the sector. While […]
by Kyle Caldwell from interactive investor, 29 January 2025: There are various ways to improve the odds of investment success, including having a diversified portfolio, investing over the long term, and rebalancing a couple of times a year. Another one is to keep a close eye on valuations and seek out undervalued areas of the […]
Linus Uhlig, Investment Week, 29 January 2025: The chair of Edinbugh Worldwide investment trust (EWI) questioned US activist hedge fund Saba Capital about its ability to provide liquidity to shareholders and to handle private assets, should it be successful in its attempt to oust the EWI board at the upcoming general meeting in February. In […]
