Crystal Amber News
23.11 / 15:38
kpmg
Investment trusts
AGM
Saba Capital
Crystal Amber AGM resolutions pass despite strong dissent
KMPG has been Crystal Amber’s auditor since its listing in 2008, which could trigger independence concerns.
20.02 / 09:19
Target
Sustainability
Saba takes aim at plethora of UK stocks as it shorts De La Rue
According to the Financial Conduct Authority's daily short disclosures, Saba took out a 0.78% short position on De La Rue. De La Rue is not new to encounters with activist investors, as activist investment fund Crystal Amber wrote to the board of the De La Rue's board in March 2023 to request its chair to be removed. Saba Capital launches next round of trust activism targeting transitions to open-ended structure After sustained pressure from the company's third largest shareholder, chair Kevin Loosemore subsequently resigned a couple of weeks later, leading to a delay in De La Rue...
25.10 / 07:47
companies
Odey Asset Management
Brook Asset Management
wind-up
Brook Asset Management begins wind-up process
The move comes following the news Odey Wealth Management is set to close and return its assets to clients.
25.10 / 07:47
Investment trusts
continuation vote
wind-up
Crystal Amber reinstates management fee post-2023 as wind-up continues
The first formal fee review will be made in line with the half year financial results due in March 2024 and at “regular intervals thereafter”.
facts about Crystal Amber
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