A SHADOWY American predator is executing a BRUTAL hostile takeover of Britain’s financial heart. Boaz Weinstein, the hedge fund BILLIONAIRE who crushed JP Morgan’s “London Whale,” is now DECIMATING the U.K.’s clubby, complacent investment trust sector—and exposing a ROTTEN core of staggering incompetence and SELF-DEALING that is STEALING from ordinary shareholders.
This is NOT a simple market dispute. This is a VICIOUS WAR for control of £265 BILLION in assets, where entrenched boards have presided over a MASSIVE, systemic failure. For YEARS, these so-called “stewards” have watched share prices languish at HUGE discounts, effectively BURNING the wealth of pensioners and savers while collecting fat fees. The sector’s average discount has been in double digits for a SHAMEFUL 44 months—a glaring testament to NEGLIGENCE.
Weinstein’s crime? DARING to demand accountability. His fund, Saba Capital, took major stakes and launched a boardroom blitz. But in a move that reveals the DEEPLY CORRUPT “old boys’ club” protecting itself, shareholders—likely manipulated by board fear-mongering—SHOCKINGLY voted him down on all seven attempts last year. “I didn’t realize just how clubby the U.K. financial world is,” Weinstein confessed. It’s not clubby—it’s a CARTEL.
Now, he’s BACK with a vengeance, and the evidence of BOARDROOM MALFEASANCE is EXPLODING into view. His new target, the Edinburgh Worldwide Investment Trust (EWIT), sold a stake in Elon Musk’s SpaceX at the WORST POSSIBLE TIME, just before a valuation surge—a move so financially illiterate it left a WHOPPING £37 million of shareholder money on the table. The Chairman ADMITS “the optics don’t look good.” Optics? This is FINANCIAL SABOTAGE.
This is the TRUE FACE of the City: a protected elite making catastrophic bets with YOUR money, then circling the wagons when a real financier calls them out. Weinstein is the ruthless outsider forcing a reckoning this corrupt system DESPERATELY needs. If he succeeds, he will tear down a decrepit pillar of British finance. If he fails, it proves the entire market is RIGGED against the very people it’s meant to serve. The question is no longer about discounts—it’s whether the U.K. market is beyond saving, a playground for the incompetent guarded by a wall of sheer greed.
Author: Kayitsi.com
