US activist investor Saba Capital is nowhere near done with the world of investment trusts. It has a back-up plan after losing all requisitioned meetings at seven trusts in the last few weeks.

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Shareholders in Edinburgh Worldwide Investment Trust today voted against a New York hedge fund's attempt to unseat the board, completing a clean sweep of trusts to reject the proposal.

LONDON - Edinburgh Worldwide Investment Trust plc (the "Company") announced today that its shareholders have voted against a series of resolutions proposed by Saba Capital Management L.P. to overhaul ...

Another Scottish investment trust has seen off an attempt by US-based hedge fund manager Boaz Weinstein to oust its board and take control of the fund. It has become the seventh investment trust in ...

Shareholders of the Edinburgh Worldwide investment trust (EWI) have voted against proposals from US activist investor Saba ...

Activist hedge fund manager Boaz Weinstein’s campaign against seven UK investment trusts has resulted in a series of very ...

Edinburgh Worldwide Investment Trust Chair Jonathan Simpson-Dent said: "Edinburgh Worldwide's shareholders have spoken: they have rejected Saba Capital's proposal for a fundamentally different ...

Saba Capital Management, L.P., a prominent investment firm, recently increased its holdings in the Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), a fund known for its impressive ...

The requisitioned meetings come on the back of Saba's attempt in December to oust the current boards of seven investment trusts. Both CQS Natural Resources Growth & Income and European Smaller Cos ...

It wants to create an open-ended version of the trust, despite the board already undergoing a strategic review ...