What is Saba Capital targeting in the investment trust battle?

Saba Capital is targeting several investment trusts, including Herald and Edinburgh Worldwide, for control.

Why is the Edinburgh Worldwide trust significant for investors?

Edinburgh Worldwide holds a major stake in Elon Musk's SpaceX, and its investors face a critical vote on the trust's future management.

What are the concerns raised by campaigners like Baroness Altmann?

Campaigners warn of flawed regulations and official negligence, leaving ordinary shareholders vulnerable to hedge fund actions.

Home / Business and Economy / Hedge Fund's Aggressive Trust Takeover Sparks Investor Fears

Hedge Fund's Aggressive Trust Takeover Sparks Investor Fears

17 Jan

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Summary

Hedge fund Saba Capital targets Herald, Edinburgh Worldwide, and other investment trusts.
Investors in Edinburgh Worldwide await a crucial vote on their savings' future.
Campaigners warn of regulatory failures and negligence leaving shareholders vulnerable.

Hedge Fund's Aggressive Trust Takeover Sparks Investor Fears

A significant struggle is unfolding for control of several investment trusts, raising concerns for stock market investors. Saba Capital, a New York-based hedge fund, is actively pursuing a takeover of trusts such as Herald and Edinburgh Worldwide (EWIT). EWIT, notably, has a substantial investment in Elon Musk's SpaceX, valued at over £1.1 trillion.