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 […]
Investment trust insider on shareholder democracy – Carthew: Platforms could still do better as Saba threat to trusts remains Despite Saba’s resounding defeat against Herald, the challenge of rallying support for upcoming investment trust shareholder votes could still be greater than realised. I have said it here before, but it bears repeating, that one of […]
by Faith Glasgow from interactive investor, 27th January 2025: When it was introduced back in 2009, the Association of Investment Companies’ (AIC) Dividend Heroes concept was a stroke of marketing genius. It highlighted the 19 investment trusts that had maintained or increased payouts to shareholders for more than 20 consecutive years, regardless of the ups […]
By ANNE ASHWORTH, Daily Mail, 25 January 2025: The investment trust sector, the custodian of £269 billion of the nation’s savings, can trace its history back to 1868. But 2025 is set to go down in the annals of this industry as the year when it faced what some saw as an existential threat. The […]
By: Elliot Gulliver-Needham, Investment Reporter, CityAM, 23 January 2025: Investec analysts have slammed the sale of Digital 9 Infrastructure’s assets as part of the investment trust’s wind-down, describing the process as “extremely poor for shareholders”. Digital 9, once a darling of the infrastructure sector, fell into chaos after governance concerns and funding problems emerged throughout […]
