Showing 1 to 9 of 9 results
Saba Capital's Investment Trust Restructuring Plan Raises Woodford-Style Collapse Fears
Saba Capital's plan to convert four UK investment trusts from closed-ended to open-ended funds risks repeating the Woodford fund's collapse, putting investor savings at risk, according to Baroness Ros Altmann, who warns that this could damage future returns for other investors.
Saba Capital's Investment Trust Restructuring Plan Raises Woodford-Style Collapse Fears
Saba Capital's plan to convert four UK investment trusts from closed-ended to open-ended funds risks repeating the Woodford fund's collapse, putting investor savings at risk, according to Baroness Ros Altmann, who warns that this could damage future returns for other investors.
Progress
52% Bias Score
Saba's Takeover Bids Rejected by Two More Investment Trusts
Shareholders of Henderson Opportunities and CQS Natural Resources Growth and Income investment trusts overwhelmingly rejected Saba Capital Management's takeover bids on January 26, 2024, marking Saba's fourth and fifth consecutive defeat in its attempt to consolidate London-listed investment trusts,...
Saba's Takeover Bids Rejected by Two More Investment Trusts
Shareholders of Henderson Opportunities and CQS Natural Resources Growth and Income investment trusts overwhelmingly rejected Saba Capital Management's takeover bids on January 26, 2024, marking Saba's fourth and fifth consecutive defeat in its attempt to consolidate London-listed investment trusts,...
Progress
52% Bias Score
Wall Street Activist Challenges Veteran Stock Picker in London Investment Trust Power Struggle
Boaz Weinstein's Saba Capital is attempting to seize control of seven London-listed investment trusts, including Herald Investment Trust, led by Katie Potts, in a vote today that could reshape the industry.
Wall Street Activist Challenges Veteran Stock Picker in London Investment Trust Power Struggle
Boaz Weinstein's Saba Capital is attempting to seize control of seven London-listed investment trusts, including Herald Investment Trust, led by Katie Potts, in a vote today that could reshape the industry.
Progress
52% Bias Score
Janus Henderson Rejects Saba Capital's Takeover Bid for London-Listed Trusts
Janus Henderson and Baillie Gifford are urging investors to reject Saba Capital's takeover bid for seven London-listed investment trusts, citing self-serving motives and potential risks to shareholder investments; votes are scheduled for February 4th and 5th.
Janus Henderson Rejects Saba Capital's Takeover Bid for London-Listed Trusts
Janus Henderson and Baillie Gifford are urging investors to reject Saba Capital's takeover bid for seven London-listed investment trusts, citing self-serving motives and potential risks to shareholder investments; votes are scheduled for February 4th and 5th.
Progress
52% 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
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
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's £3.9 Billion UK Investment Trust Takeover Bid
Saba Capital, a hedge fund, is attempting a takeover of seven London-listed investment trusts, proposing a merger to create a £3.9 billion entity focused solely on UK assets, leading to conflict with the trusts' boards who accuse Saba of self-interest.
Saba Capital's £3.9 Billion UK Investment Trust Takeover Bid
Saba Capital, a hedge fund, is attempting a takeover of seven London-listed investment trusts, proposing a merger to create a £3.9 billion entity focused solely on UK assets, leading to conflict with the trusts' boards who accuse Saba of self-interest.
Progress
64% 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
Showing 1 to 9 of 9 results