Forces like regulation, passive investing and AI have all conspired to squeeze equity research in ways few could have imagined. Countless “sell-side” analysts have had to reinvent themselves as a result. By Sujata Rao, Denitsa Tsekova, and Isolde MacDonogh 8 January 2025 at 22:00 GMT Jerry Diao had all the makings of a successful Wall Street analyst. A degree in […]
by Cherry Reynard from interactive investor, 14 January 2025: January is often the grimmest month for your personal finances.. Unlike the income desert that investors encountered in the wake of the global financial crisis, it is pretty easy to generate a decent level of income today.. However, ensuring that income beats inflation, and is sustainable, […]
Ian King, The Times, 13 January 2025: By tradition, young financial journalists learning the ropes have done so by covering the smaller companies sector. For the past 30 years they have learnt rapidly that the sector’s doyenne is Katie Potts, fund manager at the £1.2 billion Herald Investment Trust, now the target of a fierce […]
Linus Uhlig, Investment Week, 13 January 2025: “This is what Saba does. This is out of the playbook in the US, so it should come as no surprise,” said Baillie Gifford’s director of marketing and distribution, James Budden, speaking as a storm of US hedge fund investor activism has rocked the investment trust sector.. Should […]
Cristian Angeloni, Investment Week, 13 January 2025: As the financial services world was getting ready to shut their laptops, bring out the mince pies and get ready to celebrate the Christmas holidays and the New Year, US-based hedge fund Saba Capital had different plans in mind, as it unveiled some last-minute activism to end an […]
Linus Uhlig, Investment Week, 9 January 2025: The board of Herald investment trust has criticised Saba for its proposed cash exit offer to shareholders should it gain control of the trust’s board. Earlier today (9 January), Saba said it would “encourage the new board to offer all shareholders a 100% cash exit at 99% of […]
Christian Mayes, Portfolio Adviser, 9 January 2025: Saba Capital intends to offer Herald Investment Trust shareholders a full cash exit near net asset value, should their attempts to remove the current board be successful.. The Herald board responded to Saba’s announcement, noting that Saba is not proposing to offer 99% of the value of today’s […]
Questor on The European Smaller Companies Trust – Europe is in a mess – here’s how to take advantage An activist investor adds risk, but could mark a buying opportunity if defeated There are many reasons why investors might shy away from Europe. Ukraine continues to cast a shadow and the European political scene is […]
By MIKE SHEEN, This is Money, 7 January 2025: Keystone Positive Change investors have been urged to vote against takeover proposals from Saba Capital, after the activist hedge fund scuppered the board’s plans for the future of the company. Keystone Positive Change investment trust had been set to merge with Baillie Gifford Positive Change fund, […]
Investment trust insider on Saba – Carthew: My objections to Saba’s plan and approach Our columnist says he is far from convinced by Saba’s activist campaign against seven trusts, many of which could see incipient recoveries frustrated. US arbitrageur Saba Capital has been investing in the UK investment companies market for a while now. It […]
