Saba revives attack on Baillie Gifford trust Investing Notorious activist hedge fund Saba Capital has launched a fresh assault on one of Baillie Gifford’s largest investment trusts, proposing three candidates to be installed on the vehicle’s board. In the latest offensive in a long-running onslaught on London-listed trusts, the Boaz Weinstein-run fund put forward a trio of executives for shareholders to consider for [...]
Baillie Gifford launches UK’s first ever tokenised fund Investing Baillie Gifford has launched the UK’s first ever fully tokenised investment fund, in a move that will grant savers the opportunity to invest in short-dated bonds via blockchain-based tokens. The Scottish investment house unveiled its Enhanced Yield Fund on Tuesday, with a mandate actively to manage investors money in a variety of short-term corporate and [...]
Baillie Gifford in line for Anthropic windfall just months after £3.6bn SpaceX bonanza Investing Scottish investment shop Baillie Gifford is in line to more than triple its money on its stakes in Anthropic when the AI juggernaut floats on the stock market this summer, just months after netting a £3.6bn gain on its historic SpaceX punt. Three of the Edinburgh-based asset manager’s flagship trusts could use Anthropic’s eagerly awaited [...]
Scottish Mortgage manager Baillie Gifford eyes £3bn return on historic Space X bet April 22, 2026 Scottish investment juggernaut Baillie Gifford is in line to net a bumper £3.5bn return on its historic bet on Space X when the rocket maker floats on the stock market later this year, in what is believed to be one of the largest windfalls from a single debut in UK investment history. A City AM [...]
Saba’s final push sparks investment trust reckoning April 5, 2026 Edinburgh Worldwide Investment Trust has caved to years of pressure from US activist investor, Saba. Its chair tells Ali Lyon why it is asking shareholders to vote to break up the fund, and what it says about the wider investment trust industry. To Jonathan Simpson-Dent, being labelled a fraud, a liar and a romantic luddite [...]
‘We can only hold back the tide for so long’: Edinburgh trust urges investors to back exit plan March 16, 2026 The chair of one of Britain’s oldest investment trusts has urged its shareholders to back its proposed exit plan, saying the board had “exhausted all other options” in its bid to prevent a US activist investor from seizing control of the trust. Jonathan Simpson-Dent told investors that Edinburgh Worldwide Investment Trust (Ewit) remained under “persistent [...]
Investment trust rejects hedge fund assault ending Saba saga January 20, 2026 Shareholders of a major investment trust have roundly rejected a move by hedge fund tycoon Boaz Weinstein’s Saba to force through a radical shake-up of its leadership and investment philosophy. At a crunch Requisitioned General Meeting, Edinburgh Worldwide Investment Trust (Ewit) investors representing some 93 per cent of shares – excluding those held by Saba [...]
US investor dials up attacks on investment trust before crunch vote January 7, 2026 The American hedge fund tycoon behind a campaign to shake up Britain’s investment trust sector has ramped up his attacks on a Baillie Gifford fund ahead of a pivotal shareholder vote, demanding answers over its decision to offload shares in Space X. Boaz Weinstein, the founder of Saba Capital, published an open letter to Edinburgh [...]
Scottish Mortgage: City brokers back Baillie Gifford trust June 3, 2025 Scottish Mortgage has received the backing of a host of City brokers, boosting the £12bn Baillie Gifford trust’s stock price by 1.5 per cent today. One of the largest investment trusts in the UK, Scottish Mortgage, released its full-year results two weeks ago, with its underlying assets growing 11.2 per cent over the year, compared [...]
Schiehallion: Value of Spacex stake in Baillie Gifford trust skyrockets March 26, 2025 Baillie Gifford’s Schiehallion trust marked up the value of its holdings in Elon Musk’s Spacex by 86 per cent last year, as the trust worked to close the gap between its share price and underlying assets. The valuation of Spacex, which makes up 9.4 per cent of Schiehallion’s portfolio, has increased by more than 600 [...]