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BRITAIN'S $333 BILLION TRUST SECTOR FACES MORE VOTES IN US ACTIVIST'S CAMPAIGN

  • NEWS Desk Global
  • Feb 3, 2025
  • 1 min read



U.S. activist investor Boaz Weinstein may have suffered a defeat in the first vote on his plans to shake up Britain's investment trust industry, but bosses in the 269 billion-pound ($333 billion) sector will not be sleeping easy.

Weinstein's Saba Capital Management wants to seize control of seven trusts it owns sizeable stakes in, after accusing the 160-year-old sector of widespread underperformance, which the trusts reject.

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