Saba Capital’s Boaz Weinstein has threatened to sue the board of Edinburgh Worldwide (EWI) if it does not respond to the activist hedge fund’s questions over the partial sale of its prized holding in SpaceX. Doubling down on criticism he made last month, Weinstein issued an open letter to the investment trust’s board, demanding answers […]
Literacy Capital (BOOK), the £260m UK private equity fund, has sold Wifinity, the internet managed service provider and one of its earliest investments, to Arcus Infrastructure Partners for £15m, in line with its previous valuation and will use the money to repay its borrowings. A £400,000 milestone payment is expected later this year from the […]
A review of the very best and worst investment trusts last year with some thoughts on potential recovery plays. Last year will go down as a golden 12 months for investors in listed commodities funds, but shareholders in a variety of emerging market, technology and recovery plays also have cause to celebrate. As precious metals […]
BlackRock Latin American (BRLA) is to hold a 25% tender offer after failing to hit the performance target set by its board over four years ago despite a rebound in 2025. The £118m investment trust, whose portfolio is managed by Sam Vecht and Gordon Fraser, said its US dollar investment returns had lagged the MSCI […]
