Baillie Gifford Us Growth Trust Plc

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

  Baillie Gifford's investment trusts could see their stakes in artificial intelligence (AI) company Anthropic more than double if it reaches its $2 trillion market valuation.

A proposed merger between two Edinburgh-based investment trusts managed by Baillie Gifford has been blocked by US activist investor Saba Capital, escalating a battle for control over the funds. Saba, led by hedge fund manager Boaz Weinstein, holds a 29% stake in Baillie Gifford US Growth Trust and a

Baillie Gifford US Growth Trust plc has posted strong full-year results with the company's share price and net asset value returning 63.0% and 62.8% respectively. This compares with a total return of 22.4% for the S&P 500 Index.