James Crux, Shares Magazine, 16 January 2025: The normally sleepy world of investment trusts received a wake-up call just before Christmas with the publication (18 December 2024) of a shareholder letter by activist investor Saba Capital Management calling for change at no fewer than seven well-known funds.. ‘Initially Saba is proposing to replace the current […]
Questor on M&G Credit Income – This trust offers a yield more than three times greater than inflation It might be young and small, but a diverse portfolio with balanced risk keeps this trust in demand Government borrowing costs are rising both here and in the US, but for slightly different reasons. In the US, the […]
Investment trust insider on rising bond yields – James Carthew: Higher bond yields deal blow to small-cap recovery Sliding sterling and elevated gilt yields have made for a painful month for small-cap and renewables trusts, and investors now need to be patient. I am going to press pause on the Saba saga this week (although […]
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 […]
