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

The boss of Saba Capital, an American hedge fund, was railing at fund managers in Britain’s venerable investment-trust ...

BlackRock Inc. stuck agreements with Boaz Weinstein’s Saba Capital Management that will end the activist-hedge fund’s battle ...

BlackRock and Saba Capital Management announced a standstill in a long-raging battle over the future of closed-end funds with ...

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

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

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.

Baillie Gifford partner Tom Slater, manager of the £12 billion Scottish Mortgage Investment Trust, last week revealed his personal opposition to Mr Weinstein’s attempt to oust the boards of the three ...

Investment trusts in the UK offer the chance to own shares in multiple companies, different currencies or other asset classes ...

BlackRock Inc. reached an agreement to repurchase shares of two of its largest closed-end funds, following a multiyear ...

Proxy voting advisers have continued their efforts to urge shareholders of the seven trusts targeted by Saba Capital to vote ...