US activist investor Saba Capital is nowhere near done with the world of investment trusts. It has a back-up plan after losing all requisitioned meetings at seven trusts in the last few weeks.
Saba Capital Management has added more UK investment trusts to its activist campaign and plans to further shake up the sector ...
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Edinburgh Worldwide Investment Trust Chair Jonathan Simpson-Dent said: "Edinburgh Worldwide's shareholders have spoken: they have rejected Saba Capital's proposal for a fundamentally different ...
US hedge fund Saba Capital launched an attack on seven UK investment trusts in December - seeking to seize control, remove their boards and change how they invest. The hedge fund, led by founder ...