Boaz Weinstein Loses Votes to Control Two Baillie Gifford Trusts.

Boaz Weinstein's Saba Capital lost votes to gain control of two Baillie Gifford investment trusts, Baillie Gifford US Growth Trust Plc and Keystone Positive Change Investment Trust Plc. Shareholders rejected resolutions to replace the boards with Saba's proposed candidates, marking a setback in Saba's campaign against London-listed vehicles. The outcome is seen as a win for Baillie Gifford, known for early investments in tech companies like Amazon, Tesla, and SpaceX. The UK's investment trusts, popular among retail investors, have rallied to defend against Saba's campaign, with regulators ensuring investor awareness of the planned votes. [Extracted from the article]