Impax Environmental gets approval for 100% “continuation” tender offer in first part of its anti-Saba defence
Impax Environmental Markets (IEM) has passed the first hurdle in its effort to escape the clutches of Saba Capital, though, like Herald (HRI), the oth...
Trust round-up: Scottish American, Polar Cap Financials, Strategic Equity, and India Growth
We summarise news from four investment trusts, from full-year results to redemption arrangements.
James Carthew: Let's cure, not kill, the UK's growth capital trusts
Wind-downs and restructurings are hitting the UK's growth capital trusts but we need these vehicles to support innovators.
Alliance Bernstein lines up Global Disrupters Portfolio as one of three active ETF launches in Europe
US funds group Alliance Bernstein has received European regulatory approval for three global active exchange-traded funds (ETFs) covering credit, equi...
Herald refers Saba complaints to City regulator
Herald reveals it referred complaints about the activist to the regulator over its attempted takeover.
Herald says FCA should stop Saba nominees from voting to appoint the oppressive activist as fund manager
Herald (HRI), the £1.2bn global technology trust in a fight for survival with Saba Capital, has complained to the Financial Conduct Authority (FCA) ab...
Saba offers cash exit to distressed Blue Owl private credit funds that Troy fears could be source of market contagion
Saba Capital, the scourge of UK investment companies, has joined efforts to throw a lifeline to investors stuck in three US listed private credit fund...
Abrdn Euro Logistics shareholders shoot down bid to relaunch trust
ASLI will continue to return cash to shareholders as 75% of votes cast against its revival.
Fundsmith loses nearly £1bn of assets in Smithson liquidation
Well over half, or 58.6%, of Smithson (SSON) shareholders have opted to take cash rather than roll over into the new open-ended Smithson Equity Fund. ...
Chrysalis insists it will retain a board seat at Starling bank after sacking its fund managers
Chrysalis (CHRY) has denied its fund managers’ claim that dismissing them will endanger its biggest holding in Starling bank. On Friday, in an angry r...
Abrdn European Logistics Income shareholders reject DL Invest’s offer to relaunch winding-down REIT
Abrdn European Logistics Income (ASLI) will complete its wind-down after shareholders overwhelmingly voted against proposals from Polish logistics gro...
Morning briefing: “AI scare” has created some bargain opportunities, says Fidelity’s Wright; plus BASC, PIN, INPP
Fidelity Special Values (FSV) fund manager Alex Wright has told The Times that this month’s “AI scare” has created some of the best investment opportu...
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