When it comes to fund selection, savvy investors will rightly focus on the investment philosophy and process, the vehicle's charges, as well as past performance. In terms of the qualities of the portfolio manager, many investors will look for long-term experience in the financial world or extensive qualifications, but there is one oft-overlooked trait which can provide a significant advantage:...

As we write, the first five investment trusts targeted by Saba have seen the US activist hedge fund proposals overwhelmingly voted down.As a brief reminder Saba was proposing to replace the current independent boards with two new directors and had stated an intention to follow this up with a replacement of the investment manager and a new investment mandate. After Herald Investment Trust (HRI)...

First of seven vital votes on Saba proposalsRetail investor engagement key to outcomeInvestors should 'use votes wisely' says analystThis is potentially a historic day (22 January) for the UK investment trust sector, with Herald Investment Trust's (HRI) shareholders about to kick-start a string of crucial votes to either approve or reject a radical agenda pursued by US raider Saba Capital...