Shareholders in Herald Investment Trust on Wednesday rejected a campaign by U.S. activist investor Saba Capital to overhaul ...
Weinstein's firm Saba Capital had proposed that backers of the £1.3bn Herald Investment Trust vote to kick out the existing ...
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.
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 ...
Hedge fund manager Boaz Weinstein says that his proposal to unseat fund managers at seven UK investment trusts has already ...
Edison is not the only concerned party to raise alarms around this matter – the Association of Investment Companies (AIC) ...
US hedge fund Saba has ruffled feathers by forcing shareholder votes on proposals to oust board members and merge a set of ...
As investment trust managers and industry experts accuse Saba of self-motivated opportunism, the hedge fund responds to ...
Saba CEO confirmed the hedge fund would seek to merge trusts into a single vehicle and invest back into UK assets ...
Boaz Weinstein’s webcast on Tuesday was a lot. Railing against fund managers’ “ecosystem of greed”, the hedge fund founder described his attempted coup at seven UK investment trusts in similar terms ...