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 [...]
Workspace urges investors to block ‘destructive’ Saba proposals Property 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 [...]
FCA looks to check power of investment trust boards after Saba uproar Investing The City watchdog is looking to restrict the power of some investment trust board members after criticism of its response to Saba Capital’s campaign against a group of UK funds. The Financial Conduct Authority has proposed a series of amendments to the UK listing rules for close-ended investment funds, better known as investment trusts, in [...]
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 [...]
Herald trust saved after Saba and Aberdeen ink deal May 7, 2026 Aberdeen and US activist hedge fund Saba have reached agreement for the Scottish investment juggernaut to manage Herald Investment Trust, ending a years-long arm wrestle over the trust’s future. In an eleventh-hour deal that will save Herald from being wound down, Aberdeen will recruit eight of the fund’s staff – including fund manager Katie Potts [...]
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 [...]
Investment trusts launch last-ditch City watchdog campaign April 7, 2026 The chair of one of Britain’s oldest investment trusts has accused the City watchdog of leaving his industry exposed to aggressive activist campaigns even after an overwhelming majority of shareholders have rejected them. City AM can reveal that Edinburgh Worldwide Investment Trust (Ewit) chair Jonathan Simpson-Dent met Financial Conduct Authority officials last week in a [...]
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 [...]