Edinburgh Worldwide Investment Trust Faces Renewed Challenge

Edinburgh Worldwide Investment Trust (EWI) is once again under scrutiny from the activist US hedge fund Saba Capital Management. Previously, in February 2025, Saba's attempt to unseat EWI's board met with significant opposition, as 63.8% voted against the proposal. Now, Saba is renewing efforts without publicizing its intentions for EWI.

Saba's latest takeover bid notably lacks engagement with EWI's board, which has proposed strategic options such as a merger with Baillie Gifford US Growth Trust. Investors recall EWI's past underperformance, addressed with successful measures in November 2024. EWI's performance has since improved markedly, surpassing both the S&P Global Small Cap Index and its AIC sector peers over the past year.