Richard Stone, chief executive of the Association of Investment Companies (AIC), urges stakeholders in trusts to vote down ...

Shareholders in Herald Investment Trust on Wednesday rejected a campaign by U.S. activist investor Saba Capital to overhaul ...

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

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 ...

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

Saba Capital is proposing to replace directors at seven investment trusts with its own nominees, saying leaders have 'failed ...

ISS, a US independent proxy adviser, has hit back against Saba Capital's proposed takeover of the Herald investment trust.

Investment trusts seem set for upheaval, in a shift that could offer opportunities for investors happy to take some risks.

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) ...

Boaz Weinstein lost a crucial vote to gain control of Herald Investment Trust, marking the hedge fund manager’s first defeat in an unprecedented weekslong campaign against seven London-listed funds.

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 ...