Shareholders in Herald Investment Trust on Wednesday rejected a campaign by U.S. activist investor Saba Capital to overhaul ...

A US hedge fund that declared war on seven British investment trusts has failed to oust the board of one of its targets.

Saba Capital’s attempt to take control of seven UK investment trusts has stumbled at its first hurdle, as Herald shareholders ...

The board of the Herald Investment Trust has claimed victory over Saba Capital after shareholders rejected the hedge fund's ...

Saba Capital Management, L.P. (together with certain of its affiliates, "Saba" or "we") today issued the following statement regarding the announced outcome of Herald Investment Trust PLC's (HRI:LSE) ...

Weinstein's firm Saba Capital had proposed that backers of the £1.3bn Herald Investment Trust vote to kick out the existing ...

The U.S. Internal Revenue Service has launched a probe into whether financial services firm Trident Trust Group helped ...

Boaz Weinstein’s Saba Capital Management has lost the first of the votes it requisitioned to oust the boards of seven investment trusts, three of them in Scotland, and take control of these funds. New ...

News archive including articles on Fund Managers, Fund Selection, Asset Allocation, Absolute Return, Offshore Investments, Tax Shelters, Insurance bonds. Herald defeats Saba in the first shareholder b ...

LONDON - In a decisive outcome, the shareholders of Herald Investment Trust PLC have voted against a series of proposed resolutions brought forward by activist investor Saba Capital. At the general ...

Saba Capital has had its first battle over whether it can despose the board of a UK investment trust against Herald ...

(Alliance News) - Herald Investment Trust PLC on Wednesday said shareholders had "unanimously" rejected proposals by Saba Capital LP to oust the current board. The investment trust said 65% of ...