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Hedge funds line up short positions against Saba holdings in UK trust tussle
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According to filings with the Financial Conduct Authority, a hedge fund named Brookdale International Partners has built up short positions against Herald investment trust (HRI), which recently defeated all eight of Saba's resolutions in a general meeting last week (22 January), and Edinburgh Worldwide investment trust (EWI), another of the seven Saba targets. Joining Brookdale's bet against Herald is Eisler Capital, which took a 0.5% short position out on HRI earlier in January. Saba shows no signs of stopping despite Herald defeat as 'the battle is still far from over' The shor...
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Read more on investmentweek.co.ukAbout this in other media
UK headline dividends hit £92.1bn in 2024 investmentweek.co.uk /16 hours ago
Record numbers of Hargreaves Lansdown clients vote in Saba investment trust saga investmentweek.co.uk /1 day ago
Saba shows no signs of stopping despite Herald defeat as 'the battle is still far from over' investmentweek.co.uk /5 days ago
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