Trust boss hits out at City watchdog for allowing it to be taken over by US raider Saba Capital

The head of Impax Environmental Markets has criticized the City watchdog for permitting the company to be taken over by US hedge fund Saba Capital, led by controversial fund manager Boaz Weinstein. This takeover by Saba Capital, the firm's largest shareholder, has raised concerns about the future direction and focus of the environmental markets trust. The move underscores broader issues regarding regulatory oversight and the influence of aggressive investment strategies in the financial sector, sparking debate on the balance between market dynamism and investor responsibility.