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 […]
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 […]
