Saba Capital Targets EWI: Another Hedge Fund Challenge
Update: 2025-11-27
Description
Boaz Weinstein, head of Saba Capital, is challenging the board of Baillie Giffords Edinburgh Worldwide Investment Trust, accusing them of poor performance. Despite shareholders supporting the trusts management earlier this year, Saba Capital, now the largest shareholder with a 30% stake, is pushing for a leadership overhaul. The fund, which focuses on innovative tech companies and has a significant investment in SpaceX, has seen a 37% drop in share price over the past five years. Weinstein, known for his strategic skills, has previously targeted other British fund managers with similar complaints.
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