Saba Capital, the activist hedge fund led by Boaz Weinstein, has won a dramatic victory in its long-running campaign against the board of Edinburgh Worldwide Investment Trust .

Shareholders in Edinburgh Worldwide voted Thursday for Saba Capital's plan to oust EWIT chair Jonathan Simpson-Dent — and five other board members — and to install three Saba-backed board nominees.

The result gives Weinstein's firm control of Baillie Gifford-run EWIT, which is focused on cutting-edge public and private technology companies and which offers rare public-market access to SpaceX.

SpaceX, whose private market valuation has soared ahead of an imminent IPO, is EWIT's largest holding, at about 20% of its portfolio.

It has been a key flashpoint in the protracted boardroom battle, with Weinstein criticizing the board's decision to sell down a portion of the investment last year.

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Edinburgh Worldwide Investment Trust (EWIT).

EWIT generated a staggering 947% return on SpaceX since 2018, on…