Fundsmith founder Terry Smith has confirmed action from activist group Saba prompted proposed changes to the Smithson Trust.

Activist investor Saba Capital has led pressure on fund manager Terry Smith to convert his Smithson Investment Trust into an open-ended fund - will Smith roll over?

A UK investment trust run by Terry Smith’s Fundsmith LLPis planning to turn itself into an open-ended vehicle, the latest win for activist investor Boaz Weinstein.

Saba Capital Management was “right” to push for a rollover of the Smithson (SSON) investment trust, Terry Smith, CEO of ...

Saba Capital Management was “right” to push for a rollover of the Smithson (SSON) investment trust, Terry Smith, CEO of ...