Saba Renews Push to Oust Board of Baillie Gifford-Run Trust

Boaz Weinstein revived his push to oust the board of a London-listed fund run by Baillie Gifford, less than a year after shareholders voted down similar proposals by the activist hedge fund manager.

Weinstein’s Saba Capital Management will ask for a general meeting of the Edinburgh Worldwide Investment Trust to “remove the entire incumbent board and, in its place, appoint a new board composed solely of qualified, independent directors,” according to a letter on Thursday.