on Edison Investment Research Limited (LON:KEFI)
Edison Releases Report on Baillie Gifford US Growth Trust
On January 10, 2025, Edison Investment Research issued a report on the Baillie Gifford US Growth Trust, traded on the London Stock Exchange under the ticker USA. This trust aims to invest in innovative US companies that have the potential for significant growth and the ability to provide returns above the market average. The focus is on sectors like AI, space travel, and online services.
The report examines a recent move by Saba, a hedge fund manager, which holds less than 28% of the trust's shares. Saba has proposed a takeover bid intending to replace the board and investment managers of the trust. The board of Baillie Gifford US Growth Trust has recommended that shareholders reject this proposal at the upcoming meeting on February 3, 2025.
R. H.
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