Saba Capital Shifts Tactics, Targets Four UK Investment Trusts
Boaz Weinstein's Saba Capital is pushing to convert four UK investment trusts (CQS Natural Resources, European Smaller Companies Trust, Middlefield Canadian Income, and Schroder UK Mid Cap Fund) from closed-ended to open-ended funds to eliminate the discount between their share prices and asset valu...
Saba Capital Shifts Tactics, Targets Four UK Investment Trusts
Boaz Weinstein's Saba Capital is pushing to convert four UK investment trusts (CQS Natural Resources, European Smaller Companies Trust, Middlefield Canadian Income, and Schroder UK Mid Cap Fund) from closed-ended to open-ended funds to eliminate the discount between their share prices and asset valu...
Progress
60% Bias Score
Activist Investor Challenges Board of £1.4 Billion Herald Investment Trust
Boaz Weinstein's Saba Capital is challenging the board of the £1.4 billion Herald Investment Trust, highlighting concerns about corporate governance and shareholder engagement in the UK investment trust sector; similar past events with Alliance Trust, Electra, and Foreign & Colonial demonstrate a re...
Activist Investor Challenges Board of £1.4 Billion Herald Investment Trust
Boaz Weinstein's Saba Capital is challenging the board of the £1.4 billion Herald Investment Trust, highlighting concerns about corporate governance and shareholder engagement in the UK investment trust sector; similar past events with Alliance Trust, Electra, and Foreign & Colonial demonstrate a re...
Progress
56% Bias Score
Saba Capital Targets Seven U.K. Investment Trusts
Saba Capital Management, a \$5.5 billion hedge fund, is launching a campaign to replace the boards of seven U.K. investment trusts due to poor performance and large discounts to net asset value, totaling a \$1.9 billion investment.
Saba Capital Targets Seven U.K. Investment Trusts
Saba Capital Management, a \$5.5 billion hedge fund, is launching a campaign to replace the boards of seven U.K. investment trusts due to poor performance and large discounts to net asset value, totaling a \$1.9 billion investment.
Progress
44% Bias Score
EU Rules Left UK Investment Trusts Vulnerable to US Raider
Former pensions minister Baroness Ros Altmann claims that leftover EU rules, which incorrectly displayed the costs of running investment trusts, left the sector vulnerable to a takeover by US corporate raider Saba Capital, potentially costing the UK £7 billion in investment annually.
EU Rules Left UK Investment Trusts Vulnerable to US Raider
Former pensions minister Baroness Ros Altmann claims that leftover EU rules, which incorrectly displayed the costs of running investment trusts, left the sector vulnerable to a takeover by US corporate raider Saba Capital, potentially costing the UK £7 billion in investment annually.
Progress
44% Bias Score
Saba Capital Faces Backlash in Bid to Control Seven UK Investment Trusts
Saba Capital, a New York hedge fund, is attempting to seize control of seven London-listed investment trusts, prompting strong opposition from the trusts' chairs who criticize Saba's self-serving motives and lack of transparency.
Saba Capital Faces Backlash in Bid to Control Seven UK Investment Trusts
Saba Capital, a New York hedge fund, is attempting to seize control of seven London-listed investment trusts, prompting strong opposition from the trusts' chairs who criticize Saba's self-serving motives and lack of transparency.
Progress
56% Bias Score