Edinburgh Worldwide Investment Trut Chair Jonathan Simpson-Dent urges shareholders to back its board against activist pressure from Saba Capital.
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EWIT's board have defeated Boaz Weinstein's U.S. activist hedge fund for a second time following a bitter boardroom battle.
The Baillie Gifford-run trust faces a boardroom battle with activist investor Boaz Weinstein's Saba Capital.
Boaz Weinstein's activist hedge fund Saba Capital has issued new demands in its latest U.K. investment trust bet.
The Edinburgh Worldwide Investment Trust conceded defeat to the Boaz Weinstein's activist fund on Thursday.
Activist hedge fund manager Boaz Weinstein unveiled two bets in the U.K. investment trust space at this year's Sohn London event.
Activist hedge fund manager Boaz Weinstein wants to replace the entire board of Baillie Gifford's EWI trust.
