Saba ramps up demands for Workspace break-up Investing Notorious activist investor Saba has dialled up its efforts to force a London-listed property trust to sell off its portfolio of offices, warning the firm’s revamped strategy was fraught with “considerable execution risk”. In an excoriating open letter, the New York-based hedge fund, which is run by pugnacious founder Boaz Weinstein, called on flexible office [...]
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 [...]
‘We can only hold back the tide for so long’: Edinburgh trust urges investors to back exit plan March 16, 2026 The chair of one of Britain’s oldest investment trusts has urged its shareholders to back its proposed exit plan, saying the board had “exhausted all other options” in its bid to prevent a US activist investor from seizing control of the trust. Jonathan Simpson-Dent told investors that Edinburgh Worldwide Investment Trust (Ewit) remained under “persistent [...]
American hedge fund relaunches campaign against Scottish investment trust February 10, 2026 The American hedge fund tycoon behind a years-long assault on Britain’s investment trust industry has revived his campaign against a Baillie Gifford-run fund less than a month after being resoundingly defeated by shareholders at a crunch meeting. Saba Capital founder Boaz Weinstein shared an open letter to investors in the Edinburgh Worldwide Investment Trust (Ewit), [...]
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 [...]
US investor dials up attacks on investment trust before crunch vote January 7, 2026 The American hedge fund tycoon behind a campaign to shake up Britain’s investment trust sector has ramped up his attacks on a Baillie Gifford fund ahead of a pivotal shareholder vote, demanding answers over its decision to offload shares in Space X. Boaz Weinstein, the founder of Saba Capital, published an open letter to Edinburgh [...]