Edinburgh Worldwide Investment Trust

Edinburgh Worldwide Investment Trust, which suffered a boardoom bloodbath last week, has announced a new chair and said Baillie Gifford will remain as manager. Gabriel Gliksberg, one of three new directors elected after the coup led by Saba Capital Management, becomes chair and a recruitment consult

The Edinburgh Worldwide Investment Trust (EWIT) is faced with a significant boardroom overhaul as the New York-based activist investor Saba Capital Management seizes control. At the trust's AGM, which took place today, Saba won the vote to appoint three directors to the trust’s board. With fiv

Saba Capital Management has criticised the performance of the Edinburgh Worldwide Investment Trust (EWIT) "unacceptable" after shareholders voted against a tender offer put forward by the Baillie Gifford-managed trust. On 10 April, 53.8% of shareholders rejected the proposal, which EWIT had argued w

The board of Edinburgh Worldwide Investment Trust (EWIT) has narrowly survived a second attempt by activist investor Saba Capital to unseat it. In a tightly contested vote, 53.2% of cast votes supported retaining the current directors, while 46.8% opposed them. Saba’s proposal had aimed to rem

The board of Edinburgh Worldwide Investment Trust (EWIT) has secured further crucial backing in its ongoing defence against activist investor Saba Capital. Glass Lewis, a prominent independent proxy advisory firm, has advised shareholders to reject all of Saba’s proposals at the requisitioned

Edinburgh Worldwide Investment Trust (EWIT) has convened a shareholder meeting for 20 January to address a renewed challenge from New York hedge fund Saba Capital Management. The trust, managed by Baillie Gifford, is strongly urging investors to reject Saba's proposal to oust the current board and i

A proposed merger between two Edinburgh-based investment trusts managed by Baillie Gifford has been blocked by US activist investor Saba Capital, escalating a battle for control over the funds. Saba, led by hedge fund manager Boaz Weinstein, holds a 29% stake in Baillie Gifford US Growth Trust and a

Edinburgh Worldwide Investment Trust plc, a fund managed by Baillie Gifford, has posted a 24.9% increase in net asset value (NAV) per share for the six months to 30 April 2021. At the same time, the companies comparative index increased by 30.3% and the share price rose by 24.5%.

Baillie Gifford's Edinburgh Worldwide Investment Trust has appointed former PwC partner Caroline Roxburgh and McKinsey alumnus Jonathan Simpson-Dent as non-executive directors. The two will join the board on the 1st of February this year.