Boaz Weinstein’s Activist Investor Saba Seizes Control of UK Tech Fund After Bitter SpaceX Feud

Saba victorious in battle against Edinburgh Worldwide board

Saba, run by Boaz Weinstein (pictured), effectively seized control of Edinburgh Worldwide in what was described as a 'rude awakening' for the industry.

Boaz Weinstein’s activist investor Saba seizes control of UK tech fund after bitter SpaceX feud

The Edinburgh Worldwide Investment Trust conceded defeat to the Boaz Weinstein's activist fund on Thursday.

Saba bags landmark win as it takes control of Edinburgh Worldwide

Saba Capital to seize control of Edinburgh Worldwide

US hedge fund Saba Capital is expected to finally seize control of Edinburgh Worldwide Investment Trust (EWI) today, bringing an end to the drawn-out battle between the trust and its largest shareholder. Ahead of today’s annual general meeting, the trust has revealed that, based on the latest voting information, the vote to reappoint the incumbent directors will not pass. Subject to independent confirmation later today, Jonathan Simpson-Dent, Ma…

Saba's nominees elected to EWIT board

Activist hedge fund firm Saba Capital has effectively won its long-running campaign to take control of the board of Edinburgh Worldwide Investment Trust, following a dramatic shift in shareholder voting dynamics ahead of the company’s AGM. An update released by the trust ahead of the meeting today, 30 April, indicated that there would be insufficient support for the reappointment of its incumbent directors, while resolutions to install three Sab…

Edinburgh Worldwide admits defeat to Saba after another US fund backs removal of its board at today's AGM

Edinburgh Worldwide (EWI) has conceded defeat in its battle with Saba Capital saying the activist hedge fund has won the support of another US fund to take its base to over 40% of the shares, meaning its three nominees to the board will be elected at the annual general meeting (AGM) today. Subject to confirmation […]