Saba Capital vs EWIT: Board Showdown

Saba Capital, a major US hedge fund, is challenging the board of London-listed Edinburgh Worldwide Investment Trust (EWIT), accusing them of underperformance and poor strategies. Saba, led by Boaz Weinstein, has been targeting undervalued UK investment companies, aiming to boost returns and investor payouts. EWITs chairman, Jonathan Simpson-Dent, defends the boards progress, but Saba, with a 25% stake, argues for a change, leaving EWIT shareholders to decide between supporting the current board or Sabas push for new leadership.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.