Baillie Gifford trust chair to raise activist campaign complaints with City minister Investing The City minister has offered to meet the chair of Baillie Gifford’s US Growth to discuss potential safeguards for the investment trust industry, after the FTSE 250 trust was swept up in a years-long activist campaign waged by US hedge fund Saba Capital. Lucy Rigby or her officials will meet US Growth (USA) chair Tom [...]
Baillie Gifford US Growth Trust narrowly defeats Saba’s third oust attempt Investing Baillie Gifford US Growth Trust has survived the third attempt by activist hedge fund Saba Capital to oust its board. Shareholders quashed the efforts of the Boaz Weinstein-run fund to take control of the £1.1bn investment trust by a narrow margin, with 52.8 per cent voting against Saba’s resolution to appoint three of its nominees [...]
Gore Street Energy narrowly defeats Saba’s wind down vote Investing Gore Street Energy Fund has survived an attempt by activist hedge fund Saba Capital to wind it down at its latest annual general meeting, after investors narrowly voted against its discontinuation. The battery fund quashed the Boaz Weinstein-run fund’s efforts to shut it down at its annual general meeting (AGM) on Wednesday, but more than [...]
Saba revives attack on Baillie Gifford trust August 24, 2026 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 [...]
Workspace urges investors to block ‘destructive’ Saba proposals July 9, 2026 Flexible office provider Workspace has called on investors to block “destructive” attempts by notorious activist investor Saba to force a sell-off of its properties. The FTSE 250 firm issued a plea to shareholders on Thursday urging them to vote against each of the proposals submitted by the New York-based hedge fund to its annual general [...]
An apology to Keir Starmer June 18, 2026 Footage released of the Russian-organised arsonists who attacked Keir Starmer’s North London home show they pulled off the reprehensible act by drenching a copy of a recent City AM with lighter fluid, before setting it ablaze. At City AM we like to say our paper has an impact that touches the highest levels of government. [...]
Saba ramps up demands for Workspace break-up June 17, 2026 Notorious activist investor Saba has dialled up its efforts to force a London-listed property trust to sell off its portfolio of offices, warning the firm’s revamped strategy was fraught with “considerable execution risk”. In an excoriating open letter, the New York-based hedge fund, which is run by pugnacious founder Boaz Weinstein, called on flexible office [...]
‘Disappointing day’: Edinburgh Worldwide admits defeat to Saba Capital April 30, 2026 Edinburgh Worldwide Investment Trust had conceded defeat to Saba Capital, bringing its 17-month long battle with the US hedge fund to an end. In its annual general meeting (AGM) update released on Thursday morning, the investment trust admitted that it expects that there will be “insufficient votes” in favour of the resolutions relating to the [...]
Saba Capital will likely gain “effective control” of IEM after tender offer April 21, 2026 Investment trust Impax Environmental Markets have acknowledged Saba Capital is likely to have “effective control” following the completion of its exit tender offer, as the US hedge funds looks to oust the board. In response to a letter sent to the board by Saba, Impax Envrionmental Markets (IEM) confirmed its exit tender offer remained on [...]
War of words erupts after Saba wins trust shareholder showdown April 13, 2026 A war of words has broken out between American activist hedge fund Saba and the investment trust it is trying to take control of, after the US investor won a crunch shareholder vote paving the way for it to seize power at the 130-year-old FTSE 250 trust. Saba Capital launched a fresh broadside against Edinburgh [...]