UK watchdog scrutinises investment trusts’ battle with US hedge fund

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK’s Financial Conduct Authority has been drawn into an increasingly fractious activist campaign targeting seven investment trusts as concerns mount over retail investors’ interests.The FCA has contacted the largest retail investment sites over their communications with customers of seven investment trusts being targeted by the US activist hedge fund Saba Capital,..