Time to tell US raider Saba Capital to get lost – again | Nils Pratley

Boaz Weinstein's hedge fund, Saba Capital, is taking a large stake in the FTSE 250's Baillie Gifford US Growth Trust. This move is part of a larger pattern of Saba Capital acquiring significant holdings in UK investment trusts and then pushing for changes, often with unclear demands. The aggressive campaign by Saba Capital is forcing UK investment trusts to re-examine their practices and potentially become more transparent and accountable. This development may have implications for the overall UK investment trust sector and its relationship with hedge funds.

Why it matters

The hedge fund's campaign against the trust may not be successful, and the trust's performance could improve. The trust's management is likely to take steps to address the concerns raised by the hedge fund.

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