US Investor Dials up Attacks on Investment Trust Before Crunch Vote

ISS backs Edinburgh Worldwide’s board as Saba questions SpaceX selloff

Shareholder advisor ISS has recommended that shareholders vote against Saba’s proposals to replace the board of the Baillie Gifford-managed investment trust.

US investor dials up attacks on investment trust before crunch vote

The American hedge fund tycoon behind a campaign to shake up Britain’s investment trust sector has ramped up his attacks on a Baillie Gifford fund ahead of a pivotal shareholder vote, demanding answers over its decision to offload shares in Space X. Boaz Weinstein, the founder of Saba Capital, published an open letter to Edinburgh Worldwide Investment Trust’s (Ewit) board, voicing deep concerns about its alleged decision to reduce its holding in…

Saba threatens to sue Edinburgh Worldwide over SpaceX share sale "debacle" as battle with trust's board hots up

Saba Capital’s Boaz Weinstein has threatened to sue the board of Edinburgh Worldwide (EWI) if it does not respond to the activist hedge fund’s questions over the partial sale of its prized holding in SpaceX. Doubling down on criticism he made last month, Weinstein issued an open letter to the investment trust’s board, demanding answers […]