Saba Capital activist Boaz Weinstein calls for removal of Baillie Gifford-run tech investment trust’s entire board
CNBC·2025-11-27 11:45
Boaz Weinstein is calling for the removal of the entire board of a tech-focused fund managed by Baillie Gifford, in a bid to reverse what the activist investor sees as "unprecedented" value destruction.In a letter to the Edinburgh Worldwide Investment Trust's board on Thursday, Weinstein — whose activist investment firm Saba Capital owns around 30% of shares in the trust — said the board has "objectively and categorically failed" to deliver the performance expected by shareholders.EWIT's portfolio comprises ...