On 22 January, as Shares was preparing to go to print, the board of Herald Investment Trust (HRI) announced all of the resolutions put forward by activist investor Saba Capital had been defeated.The meeting was a first test of whether shareholders would stand by the boards of the trusts called out by US activist hedge fund Saba for underperforming. Votes against the resolutions totalled more...

For years now, European equities have struggled to keep pace with their US counterparts, but the historically low valuations on the ?old continent? mean we could be at an inflection point with investors beginning to take notice at long last.European equities have attracted increased attention from investors in recent weeks as the US market has charged ever higher, leaving the valuations of...