Jonathan Simpson-Dent, chairman of Edinburgh Worldwide Investment Trust (EWIT), has criticised UK regulator the Financial Conduct Authority (FCA) for failing to act decisively against activist hedge fund campaigns, according to a report by The Times.
Simpson-Dent has warned that inaction could encourage similar attacks on other UK investment trusts and expressed frustration at comments by Simon Walls, the FCA’s director of wholesale markets, who recently indicated the regulator did not intend to...
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