News
EWI: FCA ‘misses the central issue’ on Saba controversy
8+ hour ago (1041+ words) Chair of the Edinburgh Worldwide Investment Trust (EWI) Jonathan Simpson-Dent has published an open letter in response to comments from the Financial Conduct Authority (FCA) regarding US hedge fund activists Saba Capital. In an article published in The Sunday Times…...
Edinburgh Worldwide Trust: ‘This is not a situation your board wished to reach’
1+ week, 9+ hour ago (365+ words) 50% of shareholders must vote in favour of the tender offer before the upcoming annual general meeting on 10 April The "774m Edinburgh Worldwide Investment Trust has published a circular outlining its proposed tender offer, dependent on shareholder approval. As outlined recently, under…...
Diversity Project rebrands to Inclusion in Finance
1+ week, 11+ hour ago (305+ words) The organisations have also outlined five key ambitions for the next five years The three main organisations under the Diversity Project banner (Diversity Project UK, Diversity Project Europe and Nicsa's Diversity Project America) have rebranded to Inclusion in Finance. Together,…...
‘We have reached the end of the road': Edinburgh Worldwide Trust proposes a tender offer
1+ week, 6+ day ago (484+ words) Investors will be offered a 100% cash exit at 85% of net asset value The "782m Edinburgh Worldwide Trust has revealed its shareholder exit plan, launching a 100% tender offer. This closes the curtain on the trust's battle with US activist investor Saba Capital,…...
Rathbones' Jones: We’ve seen this story before in the dot.com bubble
1+ week, 6+ day ago (858+ words) The veteran manager explains why AI hyperscalers issuing debt is nothing new, and how he's preparing his portfolio for a bend in the road Artificial Intelligence (AI) hyperscalers made their mark on the fixed income market last year, as they…...
AIC: Just over 10% of trust fund managers are women
2+ week, 4+ day ago (567+ words) Meanwhile, 42% of trust board directors are now women, up from 31% in 2022 Women represent just 11% of fund manager positions on investment trusts, despite calls for more female representation in fund management, research from the Association of Investment Companies (AIC) has found....
Fidelity: Why the discount on emerging markets is unjustified
2+ week, 5+ day ago (791+ words) Chris Tennant explains why he thinks emerging markets can keep rallying It was a banner year for emerging markets in 2025, but according to Chris Tennant, co-manager of the Fidelity Emerging Markets trust (FEML), the market still has plenty of room…...
Investment industry should wake up to looming experience gap
2+ week, 6+ day ago (875+ words) With so many high profile managers retiring, how can the industry ensure it is ready for the next market bust? By Tom Caddick, managing director at Nedgroup Investments Many of us who work in the investment industry wonder how we…...
AIC: Scale-up funding will ‘collapse’ without government intervention
2+ week, 6+ day ago (426+ words) Cutting VCT income tax relief could do more harm than good, the trade body warned Reducing the 30% income tax relief on venture capital trusts (VCT's) will lead to a "collapse" in scale-up funding for Britain's high-growth businesses, according to the…...
HL's Rowles: ‘The ESG backlash is our own fault’
1+ mon, 1+ week ago (307+ words) The industry got lazy with the narrative, writes Hargreaves Lansdown's Dominic Rowles By Dominic Rowles, lead ESG analyst at Hargreaves Lansdown The ESG backlash didn't come out of nowhere. It was predictable and to some extent, the investment industry brought…...