Baillie Gifford Us Growth Trust Plc

As Baillie Gifford US Growth Trust warns that low turnout could hand Saba the board, ShareSoc says the real problem isn’t apathy but invisibility. ShareSoc, which represents more than 9,500 private investors, said the problem is more complex, explaining that shareholders don’t know they

Independent voting experts Glass Lewis, ISS and PIRC have backed the board of Baillie Gifford US Growth Trust urging shareholders to vote against Saba Capital Management's requisition request to install three of its nominees onto the board.

Baillie Gifford US Growth Trust chair Tom Burnet has written to the Secretary of State for Scotland Douglas Alexander and Economic Secretary Lucy Rigby urging the Government to help protect the UK investment trust industry from activist hedge funds. Burnet has been calling on retail investors to vot

The Financial Conduct Authority (FCA) has admitted it has to be "careful" over proposed changes to the listing rules following the recent campaigns by US activist investor Saba Capital Management. The regulator said it was looking into reforms to help manage conflicts of interest involving activist

Boaz Weinstein has claimed Saba Capital Management has invested more than £2bn in as many as 50 London-listed companies, and that his actions have produced more than £600m for all shareholders, including pensioners and retail investors, in companies where he forced change. Weinstein has

New York hedge fund Sessa Capital has increased its stake in Baillie Gifford US Growth to 7.7% ahead of the trust's pivotal leadership vote later this month. Sessa is believed to have teamed up with activist investor Saba Capital Management, which is making its third attempt to replace the board wit

A legal expert has warned the Financial Conduct Authority's (FCA) plans to update rules to stop companies using loopholes in regulation to take over investment trusts will fail to stop shareholders repeatedly requisitioning meetings. The warning comes as Baillie Gifford US Growth Trust prepares to f

Baillie Gifford US Growth Trust's strategy is at risk from Saba Capital Management's challenge to its board, according to new research from Investec. Research by Investec warned retail shareholders that Saba Capital has failed to offer a "credible alternative", pointing out they are being asked to "

The Association of Investment Companies (AIC) has called on shareholders to express their views on the future of Baillie Gifford US Growth Trust. Chief executive Richard Stone, pointed out that the trust returned 134% over the last years, and gave investors the opportunity to hold shares in listed a

The chair of Baillie Gifford US Growth Trust has called on retail investors to turn out in force to vote at next month's annual general meeting, warning that a low turnout could see Saba Capital Management take control of the trust. Tom Burnet told Scottish Financial News that retail investors are t

Baillie Gifford US Growth Trust's board has warned shareholders that voting in Saba's nominees would spell the end for its current US growth strategy, as the two sides head towards a showdown at October's AGM. Chair Tom Burnet accused Saba of seeking to take control of the popular US Growth Trust, p

Saba Capital's board nominees at Baillie Gifford US Growth Trust would fail independence rules, including proposals not yet adopted by the Financial Conduct Authority (FCA), should the activist investor go on to be appointed the trust's manager, according to Winterflood's Emma Bird. Bird, head of in

Saba Capital has stepped up its attack to take over Baillie Gifford US Growth Trust after calling for a full cash exit for shareholders at or near net asset value. The activist investor demanded board changes this morning at the Edinburgh-based trust, which has received a requisition notice from its

Saba Capital has returned to target another Scottish trustNew York hedge fund Saba Capital has demanded board changes at Baillie Gifford US Growth Trust. The Edinburgh-based trust received a requisition notice from Saba Capital Management which wants shareholders to back the appointment of three dir

Baillie Gifford has highlighted a growing structural shift across global capital markets, noting that the world's most innovative technology companies are staying private for longer to capture the bulk of their value growth before listing. Lucie Majstrova, an investment specialist in Baillie Gifford