Topic
investment trusts
2 stories related to this topic, newest first.
Benzingafinance61 days ago
Saba Capital Gains Control of Edinburgh Worldwide Investment Trust After Activist Campaign
Boaz Weinstein's firm has assumed control of the growth-focused investment trust after a campaign criticizing its sale of a large portion of its SpaceX stake. Edinburgh Worldwide Investment Trust proposed a 66% tender offer on Thursday in response. Saba, which owns a 30% stake, h…
Substrate placeholder — needs reviewworld94 days ago
Baillie Gifford Trust Backs Activist Proposal After Shareholder Vote Loss
A trust managed by Baillie Gifford & Co., which holds an early investment in SpaceX, has recommended a proposal supported by activist investor Boaz Weinstein. This follows the trust's loss of a key shareholder vote. The development involves corporate governance changes at the tru…
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