US activist Saba Capital has failed in its attempt to overthrow the board of Herald investment trust, dealing the first blow in its campaign against seven UK-listed closed-ended companies.

Saba Capital’s attempt to take control of seven UK investment trusts has stumbled at its first hurdle, as Herald shareholders ...

Boaz Weinstein lost a crucial vote to gain control of Herald Investment Trust, marking the hedge fund manager’s first defeat in an unprecedented weekslong campaign against seven London-listed funds.

(Alliance News) - Herald Investment Trust PLC on Wednesday said shareholders had "unanimously" rejected proposals by Saba Capital LP to oust the current board. The investment trust said 65% of ...

Baillie Gifford partner Tom Slater, manager of the £12 billion Scottish Mortgage Investment Trust, last week revealed his personal opposition to Mr Weinstein’s attempt to oust the boards of the three ...

Shareholders in Herald Investment Trust on Wednesday rejected a campaign by U.S. activist investor Saba Capital to overhaul ...

Manhattan activist hedge fund Saba Capital has agreed a settlement with BlackRock following months of activism from Boaz ...

Given that Saba prefers trusts where a discount is "clean", ie where there is some clarity about the valuations on the ...

As a new analyst, I was taught that one of the attractive features of investment trusts was the discounts: you can buy 100p ...

A host of Blackrock-run investment trusts have made a peace deal with US hedge fund Saba Capital, amid its activist campaign ...

BlackRock and Saba Capital Management announced a standstill in a long-raging battle over the future of closed-end funds with ...

Today's AGM of the Herald Investment Trust, the first of Seven being targeted by Boaz Weinstein (pictured), allows investors ...