War of words erupts after Saba wins trust shareholder showdown Investing A war of words has broken out between American activist hedge fund Saba and the investment trust it is trying to take control of, after the US investor won a crunch shareholder vote paving the way for it to seize power at the 130-year-old FTSE 250 trust. Saba Capital launched a fresh broadside against Edinburgh [...]
Investment trusts launch last-ditch City watchdog campaign Markets The chair of one of Britain’s oldest investment trusts has accused the City watchdog of leaving his industry exposed to aggressive activist campaigns even after an overwhelming majority of shareholders have rejected them. City AM can reveal that Edinburgh Worldwide Investment Trust (Ewit) chair Jonathan Simpson-Dent met Financial Conduct Authority officials last week in a [...]
Saba’s final push sparks investment trust reckoning Investing Edinburgh Worldwide Investment Trust has caved to years of pressure from US activist investor, Saba. Its chair tells Ali Lyon why it is asking shareholders to vote to break up the fund, and what it says about the wider investment trust industry. To Jonathan Simpson-Dent, being labelled a fraud, a liar and a romantic luddite [...]
Edinburgh Worldwide seeks to end Saba standoff with tender offer March 10, 2026 The board of Edinburgh Worldwide Investment Trust has offered shareholders an exit plan in its bid to bring an end to its 16-month battle with Saba Capital. It is proposing a tender offer for up to 100 per cent of its share capital after the Board said it had “exhausted every reasonable and equitable solution [...]
Investment trust rejects hedge fund assault ending Saba saga January 20, 2026 Shareholders of a major investment trust have roundly rejected a move by hedge fund tycoon Boaz Weinstein’s Saba to force through a radical shake-up of its leadership and investment philosophy. At a crunch Requisitioned General Meeting, Edinburgh Worldwide Investment Trust (Ewit) investors representing some 93 per cent of shares – excluding those held by Saba [...]