News for Herald Investment Trust (HRI.L)

HVPE board looks to narrow 35 per cent discount to NAV

Activist hedge fund is proposing to overhaul trust boards and also replace their fund managers.

What caught my eye this week. There’s a mildly titanic battle going on in the beleaguered UK investment trust space. Everything from the rise of index funds to the 2022 reset in interest rates to steady outflows from all UK equities – not to mention lousy performance in many cases – has left the sector […]

Saba loses key battle to take over management of Herald trust

A new force in the industry, Saba Capital, is shaking things up with a raft of shareholder meetings.

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

Herald investors vote against Boaz Weinstein's revamp plan

Herald Investment Trust shareholders reject activist proposals

Baillie Gifford posts fresh performance data as activist spat deepens

Baillie Gifford U.S. Growth Trust, battling plans by U.S. activist Saba Capital to shake up its board, unveiled fresh data on Tuesday to show it had outperformed the S&P 500 Index in sterling terms in the six months to Nov. 30. In response to Saba's allegations of consistent underperformance, Baillie Gifford said the company's share price and net asset value returned 40.9% and 29.4% respectively over the period, after deducting borrowings at fair value. This compared with a total return of 15.3% for the S&P 500Index in sterling terms, it said, dismissing Saba's proposals to place two of its own nominees on the board as a

US fund manager plans to impose its own boards, terminate existing mandates and use its own investment strategies

Saba Capital Releases Presentation Outlining Its Plan to Deliver Substantial Liquidity and Long-Term Returns at Seven U.K. Trusts

US hedge fund accuses managers of misleading claims, while UK investment bank hits back at its plans to install two-person boards

US hedge fund manager Boaz Weinstein is taking brickbats for highlighting the flaws of the UK’s sleepy investment-trust industry.

Saba Capital Shares Key Facts Demonstrating the Need for Shareholder-Driven Change at Seven U.K. Trusts

Saba Capital Management, L.P. (together with certain of its affiliates, ”œSaba” or ”œwe”), today issued the following statement regarding its support for

Saba Capital Management, L.P. (together with certain of its affiliates, ”œSaba” or ”œwe”), which owns approximately 20.9% of Herald Investment Trust PLC

The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: ---------- Herald Investment Trust PLC - London-based investment... | April 14, 2023