Saba Capital Management

Baillie Gifford US Growth Trust shareholders have narrowly rejected a New York hedge fund’s attempt to seize control for a third time.

Saba Capital Management has taken a fresh position in Neuberger Private Equity (NBPE) and doubled its stake in RTW Biotech London Stock Exchange filings showed the activist investor's position in £562m NBPE hit 5.06% last Tuesday. Saba grew its position through derivatives comprising 1.77% of

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

Saba Capital has agreed to a one-year standstill with JPMorgan as it backs the rollover of Brown Advisory US Smaller Companies. The New York-based activist investor informed the company that it would vote in favour of the proposal to roll over the assets of Brown Advisory US Smaller Companies into J

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

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