Boaz Weinstein’s Saba Capital Management is once again looking to shake up the staid world of UK investment trusts.
Saba this week pressed investors in a London-listed fund run by Baillie Gifford to oust board members after it sold SpaceX shares “at a price massively lower than SpaceX’s reported $1.5 trillion IPO valuation,” according to a presentation on Monday. The argument is part of Weinstein’s opposition to a proposed merger between Edinburgh Worldwide Investment Trust Plc and Baillie Gifford US Growth Trust Plc.
Boaz Weinstein
Photographer: Jeenah Moon/Bloomberg
Weinstein’s hedge fund, which manages about $6 billion, began waging a high-profile campaign late ...
