A US hedge fund that declared war on seven British investment trusts has failed to oust the board of one of its targets.

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) ...

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

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

Weinstein's firm Saba Capital had proposed that backers of the £1.3bn Herald Investment Trust vote to kick out the existing ...

Activist campaigns targeting UK-listed investment trusts are nothing new, but Saba Capital’s latest effort stands out for its ...

News archive including articles on Fund Managers, Fund Selection, Asset Allocation, Absolute Return, Offshore Investments, Tax Shelters, Insurance bonds. Herald defeats Saba in the first shareholder b ...

Boaz Weinstein’s Saba Capital Management has lost the first of the votes it requisitioned to oust the boards of seven investment trusts, three of them in Scotland, and take control of these funds. New ...

Manhattan-based activist hedge fund Saba Capital said it “remains committed to putting shareholders’ interests first” and ...

Saba Capital has had its first battle over whether it can despose the board of a UK investment trust against Herald ...