US activist Weinstein wants to be ‘white knight’ of UK stock market

Quick Summary:

James Budden, a director at Baillie Gifford, said: “This is a case of twisted logic — there are hundreds of trusts listed on the LSE.

The plan is to merge the trusts into a new vehicle and use the combined assets to buy stakes in other trusts, if shareholders agree.

The founder of New York-based Saba Capital is campaigning to take over seven UK investment trusts.

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Article Details

Author / Journalist: Emma Dunkley

Category: MarketsFinanceInvesting

Markets: United States

Topics: Investment Baillie Saba Trusts Weinstein Trust Companies Fund Assets Shareholders Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-12 @ 05:00:42 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 558 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 25075477

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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