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In defence of Herald

14 January 2025

In this Times article, Lorna Tilbian comes out in defence of Katie Potts and Herald Investment Trust as they face a hostile campaign from Saba Capital. She describes Potts as “a ‘bad weather’ friend to her portfolio companies, always there at the darkest hour when other short-term traders are running for the hills.”

Herald’s recent struggles coincide with the rise of passive funds and the mega-tech companies, mirroring the challenges facing the UK small-cap sector as a whole. The removal of Potts from Herald would represent an even greater setback for fostering successful emerging businesses.

You can see the article here (you’ll need a Times subscription to read it in-full).