Baillie Gifford's EWI Trust Faces Ouster Bid from Saba Capital

Saba Capital Management, led by Boaz Weinstein, is pushing to oust the board of Baillie Gifford's Edinburgh Worldwide Investment Trust, citing underperformance and a lack of faith in the current board's ability to implement strategic changes. Saba holds a 30% stake in the trust, which oversees $1.1 billion in assets. The move comes after a previous attempt by Saba to take control of seven UK trusts was unsuccessful.