Boaz Weinstein Set to Triumph in Fight for Baillie Gifford Trust

Boaz Weinstein is set to win a vote to oust the board of a Baillie Gifford & Co. trust that placed an early bet on SpaceX, the activist investor’s biggest win in his long campaign targeting British investment trusts.

A proposal by Weinstein’s Saba Capital Management is expected to have garnered enough support to replace the entire board of Edinburgh Worldwide Investment Trust with three candidates nominated by the hedge fund, the trust said in a statement on Thursday.