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.

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

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

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) ...

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

There are still six General Meetings in the coming weeks, with an industry body warning that retail shareholders must use ...

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 ...

Katie Potts (pictured) has led Herald Investment Trust since its inception 30 years ago and has been hailed for her backing ...

Round one in the battle over the future of seven investment trusts has gone to an existing board after shareholders in Herald IT rejected proposals from New York hedge fund Saba Capital to replace the ...

Outside of Saba's shares, only 0.15% of the votes cast were in favour of Saba's proposals to replace the trust's board ...

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 ...