Edinburgh Worldwide trust (EWI) has committed to a capital return opportunity for shareholders of up to £130m next year, while introducing a series of changes to improve performance.
The board published a circular to shareholders today (20 November) setting out a raft of measures to set the Baillie Gifford-managed trust "on a path to renewed growth" after years of underperformance. This will include a restructuring of the team, changes to process and approach, and a reduction in the number of holdings in the portfolio to allow for more regular engagement. In a video presentation, chair Jonathan Simpson-Dent said current deputy managers Luke Ward and Svetlana Viteva will become co-managers alongside Douglas Brodie, while "improving structure, challenge and suppor...
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