IN BRIEF: Saba turns sights on Baillie Gifford US Growth Trust
Baillie Gifford US Growth Trust PLC - investment trust managed by Baillie Gifford & Co Ltd that invests in US growth stocks for a minimum of five years - Receives requisition notice from Saba Capital Management LP requesting resolutions at the trust's annual general meeting in September to appoint three new directors of its choosing. The New York-based activist investor has a 29% stake in Baillie Gifford US Growth Trust, and in December last year used its voting power to block a proposed merger of the company with Edinburgh Worldwide Investment Trust PLC, also managed by Baillie Gifford. Read More