Investment trusts launch last-ditch City watchdog campaign
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Investment trusts, led by Edinburgh Worldwide Investment Trust's chair Jonathan Simpson-Dent, are urging the FCA to enhance protections against activist campaigns. Following shareholder rejections of aggressive proposals from Saba Capital, Simpson-Dent met with FCA officials to advocate for stricter scrutiny of activist communications and to address repeated voting pressures. Despite the FCA's reluctance to intervene, Simpson-Dent emphasizes the need for a review of investment trust regulations to safeguard shareholder interests.
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