Trustnet: Saba relaunches campaign to shake up Baillie Gifford trust board
24 Aug 2026
Trustnet: Emma Bird suspects Saba intends to replace Baillie Gifford US Growth (USA) board before proposing itself as manager and changing the mandate to invest in UK closed-ended funds. The move follows its failed 2025 attempt to seize control, opposition to the board at last year’s AGM and its recent blocking of the proposed Edinburgh Worldwide merger.