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 [...]
US hedge fund shorts British firms despite aim to ‘save’ UK market February 20, 2025 Activist investor Saba Capital has taken short positions against some key UK companies, including beloved Harry Potter publisher Bloomsbury, despite previously claiming to be the “white knight of the UK market”. The American hedge fund has taken out a 0.95 per cent short position against the £537m publisher, or a roughly £5.1m bet against it. [...]
Saba Capital falls at first hurdle in activist trust campaign January 22, 2025 Saba Capital’s first battle over the board of a UK investment trust has failed, with investors widely rejecting its attempt to unseat the board of a targeted trust. In a shareholder vote today, 65 per cent of Herald trust shareholders voted to kill the activist hedge fund’s proposals, which aimed to depose and replace the [...]