Patrick Hosking

Andrew Evans, chief executive of Smart Pension, said it was important that innovative new entrants could still break into the industry

Wealth management business is the first major shareholder to go public on its intentions as the New York hedge fund targets seven UK trusts

The attacks of Boaz Weinstein, the New York hedge fund boss, on seven London-listed investment trusts have been met with anger and accusations of self-interest

Herald accuses Saba of trying to take control for its own short-term benefit and urges shareholders to vote against the proposals at a meeting on January 22

Christ Church to vote against the activist investor Saba’s ‘self-serving’ proposals for

US hedge fund bids to oust the management of Herald Investment Trust, a key backer of UK tech

The chess fan is simultaneously targeting seven UK investment trusts, causing a £905 million City battle, in an audacious gambit

Wellcome Trust has mastered the difficult art of both paying out huge amounts of cash for research, while still growing the portfolio for future generations

A combination to create the world’s biggest mining group would bring difficulties, claim analysts, as reports of talks emerged

Its British arm has profits of £1.8 billion in a good year but red tape, regulatory hurdles and the car finance clampdown are testing the Spanish bank’s patience