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CQS blasts Saba's latest attack as 'wasteful' and 'without merit'

CQS's board argues Saba's new proposals 'wilfully disregard' the trust's ongoing strategic review.

Ruffer manager exit sparks reshuffle

Alexander Chartres and Ian Rees join Jasmine Yeo as managers of Ruffer Investment Company following Duncan MacInnes' departure.

Saba’s latest attack on CQS Natural Resources is without merit

CQS Natural Resources Growth and Income (CYN) has confirmed that it has received a second notice from Saba Capital Management demanding another genera...

Duncan MacInnes leaves Ruffer

Ruffer Investment Company (RICA) says that Duncan MacInnes, co-manager of the fund, has left its manager with immediate effect and so, as of today, Al...

Graham Spence to replace Jonathan Simon on JPMorgan American

Following its announcement on 20 March 2024 that Jonathan Simon, one of its large cap portfolio managers responsible for value stocks, would retire in...

QuotedData’s morning briefing 12 January 2025 – DGN, TENT

In QuotedData’s morning briefing 12 January 2025 Asia Dragon (DGN) has announced the results of the elections for its combination with Invesco Asia Tr...

Editor’s view: Why I voted against Saba but think wealth managers need to step up 

Saba has found little support in the UK for its campaign against seven investment trusts, but plenty of people are ready to sell their stakes.

Brown Advisory keeps Saba at bay with fee cut & tender offer

Brown Advisory US Smaller Companies has slashed its fees and proposed a tender offer in a bid to woo shareholders.

PRS raises divi as bid talks progress

PRS Reit’s plan to sell its portfolio of new-build homes is poised to enter the due diligence stage.

Ecofin US Renewables sacks manager as wind-down flounders

Ecofin US Renewables Infrastructure has terminated its agreement with its fund manager as it navigates a difficult wind-down journey.

HgCapital Trust cashes in on partial exit of Trackunit

Funds managed by Goldman Sachs Alternatives have bought a majority stake in Trackunit from funds advised by Hg and GRO Capital. Trackunit’s solutions ...

Brown Advisory US Smaller cuts fee and introduces conditional tender offer

Brown Advisory has agreed to a reduced tiered management fee replacing the current fee arrangements on Brown Advisory US Smaller Companies. This is ef...