By Emma Wallis, News editor, Trustnet, 18 December 2024: Saba Capital Management has published a letter proposing dramatic changes to seven investment trusts in which it is the largest shareholder. Its targets include three trusts managed by Baillie Gifford (Edinburgh Worldwide, Keystone Positive Change and Baillie Gifford US Growth) and two from Janus Henderson Investors […]
by Dave Baxter, Investors Chronicle, December 18, 2024: Saba Capital wants to remove the boards of seven investment trusts and enact measures it claims will deliver better shareholder value. The activist investor, which has built stakes for several months, called for general meetings to be held at Baillie Gifford vehicles Baillie Gifford US Growth (USA), […]
Alex Ralph, Chief Business Correspondent, The Times, December 18 2024: An American activist investor has launched a campaign to remove the boards of seven UK-listed investment trusts, accusing some of delivering “disastrous” returns. Saba Capital, the New York-based hedge fund firm, issued an open letter on Wednesday calling on the boards to call a shareholder […]
by Jennifer Hill from interactive investor, 17th December 2024: It is widely known that smaller companies are cheaper than larger ones, but given geopolitical tensions and economic uncertainty, many investors will want to hedge their bets. With the help of a range of analysts and wealth managers, we take a tour of the regions to […]
Investment trust insider looks back at 2024 – James Carthew: Shrinking trusts provide multiple opportunities Share price discounts remain stubbornly wide despite a huge number of buybacks and corporation actions in 2024. Nevertheless, there have been some big winners this year. This year has seen the investment companies sector shrink as boards have made big […]
by Val Cipriani, Investors Chronicle, December 13, 2024: A biotech bounce-back has pushed up share prices in the sector, but the UK trust options have barely captured those gains. Even the better performers are up 11-12 per cent this year, while their top holdings have recorded 30-100 per cent share price gains. The most precarious […]
Cristian Angeloni, Investment Week, 11 December 2024: The ability of investment trust non-executive directors (NEDs) to effectively understand and challenge valuations of private companies has been called into question, as demand for private investments rises and regulatory scrutiny intensifies. Appetite for private market opportunities has rapidly increased in recent years, with investment trusts traditionally one […]
James Carthew in The Investment Trusts Handbook 2025: JAMES CARTHEW looks at the increasingly high-profile role that boards of investment trusts have had to play as the sector has de-rated and shrunk over the last three years. In my view, the role of the board is vital to the success or failure of investment companies. […]
by Jennifer Hill from interactive investor, 10th December 2024: While there is less of a “star” fund manager culture these days, it remains important for retail investors to have someone ultimately accountable for performance. And while it can be tempting to simply allocate capital into the strategies of big-name investors, overlooking those whose star is […]
By Emma Wallis, News editor, Trustnet, 10 December 2024: Some of the largest and best-known investment trusts are on the cusp of events that could boost their share prices, narrow their discounts and reward shareholders, including Scottish Mortgage and Pershing Square Holdings.. A significant catalyst for Scottish Mortgage could be its 4.8% allocation to Space […]
