UPDATE: In July 2026, Saba's holding in the trust was bought out as part of a 60% tender offer, while Katie Potts and her management team have become part of Aberdeen.

Herald Investment Trust (HRI) was launched in 1994, and Katie Potts has been the trust's lead manager since its IPO. It holds a globally diversified portfolio of around 300 small-cap technology stocks; roughly a third of its portfolio is based in the UK (down from around two-thirds historically), another third is in North America, with the remainder in EMEA, Asia Pacific, and fixed-income securities. HRI tends to be a long-term...