The chairman of investment trust Edinburgh Worldwide has warned investors that its future is on a knife-edge as a showdown looms with US hedge fund vulture Boaz Weinstein. 'We've got 24,000 shareholders that own half the trust, so we have to mobilise a lot of people to overcome Saba,' Simpson-Dent said. Weinstein targeted Edinburgh Worldwide as part of a wider campaign by Saba to oust the boards of seven London-listed trusts, all of which were voted down last year. Edinburgh Worldwide has countered this by accusing Weinstein of making 'numerous inaccurate statements' designed to 'mislead shareholders' as part of an 'aggressive campaign' by Saba to seize control of the trust 'on the cheap'. It was bolstered in its fightback last week when one of its major institutional investors Legal & General said it would vote against Saba's plans.

Source: Daily Mail January 10, 2026 22:12 UTC