Herald investors vote against Boaz Weinstein's revamp plan
Shareholders in Herald Investment Trust on Wednesday rejected a campaign by U.S. activist investor Saba Capital to overhaul its board, in a blow to founder Boaz Weinstein's wider push to shake-up the UK's 269 billion pound ($333 billion) trust sector.
Herald Investment Trust shareholders vote AGAINST Saba takeover
The board of the Herald Investment Trust has claimed victory over Saba Capital after shareholders rejected the hedge fund's attempt to seize control of the company.
Saba Capital Comments on Herald Investment Trust PLC's Requisitioned General Meeting
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) (the "Trust") Requisitioned General Meeting on 22 January 2025.
Boaz Weinstein Loses First UK Investment Trust Vote Showdown (2)
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.
Herald wins round one in investment trust battle
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 directors.
Herald Investment Trust shareholders reject activist proposals
LONDON - In a decisive outcome, the shareholders of Herald Investment Trust PLC have voted against a series of proposed resolutions brought forward by activist investor Saba Capital. At the general meeting held today,
Showdown in the City: Legendary stock picker goes head-to-head with Wall St raider in battle over future of London's investment trusts
Katie Potts (pictured) has led Herald Investment Trust since its inception 30 years ago and has been hailed for her backing ...
US hedge fund fails in battle with UK investment trust
A US hedge fund that declared war on seven British investment trusts has failed to oust the board of one of its targets.
MoneyWeek2d
Herald shareholders vote down Saba proposals
Saba Capital’s attempt to take control of seven UK investment trusts has stumbled at its first hurdle, as Herald shareholders ...
insider2d
Saba Capital loses first investment trust takeover vote
There are still six General Meetings in the coming weeks, with an industry body warning that retail shareholders must use ...
Victory for shareholder democracy: Herald investors reject power grab by Wall Street raider Boaz Weinstein
Weinstein's firm Saba Capital had proposed that backers of the £1.3bn Herald Investment Trust vote to kick out the existing board members.
The Economist2d
Saba Capital wages war on underperforming British investment trusts
The boss of Saba Capital, an American hedge fund, was railing at fund managers in Britain’s venerable investment-trust ...