Weinstein Steps Up Baillie Gifford Attack Over SpaceX Sale (1)

Activist investor Boaz Weinstein stepped up pressure on the board of a Baillie Gifford fund ahead of a key shareholder vote, seeking answers to questions over a decision to sell down a stake in SpaceX.

In an open letter published Wednesday, Weinstein’s hedge fund Saba Capital Management wanted to know why London-listed Edinburgh Worldwide Investment Trust didn’t communicate the sell-down of its stake to the market. Saba also asked whether facilitating a merger of EWIT with Baillie Gifford US Growth Trust played a role in the decision.

Saba said Baillie Gifford sold a substantial portion of EWIT’s and the ...