One of the great success stories of the UK’s investment industry is under attack £1,000 invested 30 years ago would be worth £24,200 today, but a US fund casts a dark cloud over the company Herald Investment Trust was launched in January 1994 with a remit to generate capital appreciation through investments in smaller quoted […]
by Jennifer Hill, from interactive investor, 30th December 2024: They say beauty is in the eye of the beholder and when it comes to investing it often pays to love the unloved. All investment strategies move out of favour or suffer setbacks from time to time – and holding your nerve means catching the rebound. […]
By Patrick Sanders, Reporter, Trustnet, 23 December 2024: Fund selectors give their income fund picks for investors looking for high quality companies and growing dividends. Income funds remain a crucial component of many investors’ portfolios, particularly for those approaching retirement and looking for a steady source of income. However, income funds are not exclusive to […]
Eve Maddock-Jones, Investment Week, 23 December 2024: ..The sector has been forced to evolve and adapt to an increasingly competitive market that is seeking diversification in the face of increasingly cheap trackers generating high returns from a narrowing market. The final week of the year brought them little relief as seven trusts saw activist investor […]
By: Elliot Gulliver-Needham, Investment Reporter, CityAM, 19 December 2024: A shake up could be coming for the UK’s investment trust industry after US hedge fund Saba Capital launched a campaign to topple the boards of seven different companies yesterday.. The New York-based hedge fund has been stalking the sector for some time but, despite attempts […]
By MIKE SHEEN, This is Money, 19 December 2024: An activist investor is hoping to seize control of seven underperforming London-listed investment trusts after urging shareholders on Wednesday to sack their respective boards.. Saba has built stakes of 19 to 29 per cent in each of the trusts, which have suffered yawning discounts to their […]
Elliot Gulliver-Needham, Investment Reporter, CityAM, 18 December 2024: US hedge fund manager Saba Capital has launched a campaign to oust the boards of seven top UK investment trusts today after amassing stakes in the firms over the past year.. Saba holds between a 19 to 29 per cent stake in each of the companies, making […]
Gavin Lumsden, Investment Trust Insider, 18 December 2024: After months of mystery over its intentions, activist Saba Capital today launched campaigns for change at seven investment trusts in which it is the leading shareholder with stakes of 19-29%. The New York based hedge fund manager has requisitioned general meetings at three Baillie Gifford trusts: Baillie […]
David Thorpe, FT Adviser, 18 December 2024: US hedge fund Saba Capital is attempting to remove the boards of seven UK investment trusts, a move which could be positive for advisers’ clients, according to Iain Scouller, analyst at Stifel.. Each of those trusts has suffered performance issues in recent years and traded at wide discounts […]
by Kyle Caldwell from interactive investor,18th December 2024: US activist investor Saba Capital has called for the removal of board members at seven investment trusts in which it is the largest shareholder, owning stakes between 19% and 29%.. Saba Capital has called for general meetings to take place for each trust by early February, and […]
