Edinburgh Worldwide Investment Trust urges shareholders to throw out Boaz Weinstein's bid to overhaul board

Edinburgh Worldwide Investment Trust, a Baillie Gifford-run technology-focused fund, is calling on shareholders to throw out a plan by Boaz Weinstein's activist investment fund Saba Capital to overhaul its board of directors.The EWIT board said on Wednesday it would "strongly urge" shareholders to reject a plan by the U.S. hedge fund — which holds a 30% stake in the trust — to remove the incumbent board and appoint three directors in their place.In an update on Wednesday, the trust's chair, Jonathan Simpson ...