Boaz Weinstein is calling for the removal of the entire board of a tech-focused fund managed by Baillie Gifford, in a bid to reverse what the activist investor sees as "unprecedented" value destruction.

In a letter to the Edinburgh Worldwide Investment Trust's board on Thursday, Weinstein — whose activist investment firm Saba Capital owns around 30% of shares in the trust — said the board has "objectively and categorically failed" to deliver the performance expected by shareholders.

EWIT's portfolio comprises a global mix of smaller and emerging public and private companies focused on tech innovation and transformation, that target "significant disruptive growth potential," according to the London-listed Baillie Gifford's website.

Its holdings include Elon Musk's Space Exploration Tec

See Full Page