4 minutes
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
2 minutes
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
4 minutes
The Association of Investment Companies (AIC) has called on the Financial Conduct Authority (FCA) to reform its listing rules "exposed" by activist investor Saba Capital. The AIC proposed that when a substantial shareholder seeks to take control of the management contract of an investment trust, thi
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