BlackRock and Weinstein's Saba reach settlement in battle over closed-end funds
BlackRock and Saba Capital Management announced a standstill in a long-raging battle over the future of closed-end funds with the asset manager buying back shares in two portfolios and the hedge fund dropping demands for deep management changes.
BlackRock, Weinstein Reach Truce in Spat on Closed-End Funds
BlackRock Inc. stuck agreements with Boaz Weinstein’s Saba Capital Management that will end the activist-hedge fund’s battle with BlackRock over dozens of closed-end funds whose share prices had tumbled deeply below the value of their underlying assets.
Saba halts activist battle against BlackRock funds as peace pact agreed at pair of trusts
Manhattan activist hedge fund Saba Capital has agreed a settlement with BlackRock following months of activism from Boaz Weinstein’s firm to narrow discounts at a swathe of BlackRock closed-ended funds.
Hedge fund Saba settles with BlackRock funds after activist battle
Boaz Weinstein’s Saba Capital has agreed to halt its activist battle against 50 BlackRock funds in exchange for a tender offer at two of them, as the hedge fund wages a broader war against the closed-end fund industry.
Saba Capital: Does the US hedge fund have a point on UK investment trusts?
US hedge fund Saba Capital triggered fury and an industry-wide defensive effort when it launched an activist campaign against seven UK investment trusts last month. The Manhattan-based hedge fund, led by Boaz Weinstein,
A U.S. Hedge-Fund Star Wants to Rescue British Investors. They Should Thank Him and Leave.
Boaz Weinstein, founder of Saba Capital Management, has a passion for arbitrage investing in closed-end funds. As he turns to ...
Baillie Gifford posts fresh performance data as activist spat deepens
Baillie Gifford U.S. Growth Trust , battling plans by U.S. activist Saba Capital to shake up its board, unveiled fresh data ...
Investors Chronicle3h
What we learned from interviewing Saba
Given that Saba prefers trusts where a discount is "clean", ie where there is some clarity about the valuations on the ...
portfolio-adviser.com1d
Edison: Saba’s ‘sub-par corporate governance’ is breaching FCA rules
Edison is not the only concerned party to raise alarms around this matter – the Association of Investment Companies (AIC) ...
MoneyWeek7d
Saba Capital and Boaz Weinstein respond to investment trusts
As investment trust managers and industry experts accuse Saba of self-motivated opportunism, the hedge fund responds to ...
Investors Chronicle1d
‘Trusts need to do better’: Boaz Weinstein of Saba Capital
US hedge fund Saba has ruffled feathers by forcing shareholder votes on proposals to oust board members and merge a set of ...
portfolio-adviser.com7d
Saba’s Weinstein fights back at criticism over trust plans
Saba CEO confirmed the hedge fund would seek to merge trusts into a single vehicle and invest back into UK assets ...
Investment trusts under fire again — are they finally listening?
Saba, which owns 19-29 per cent of shares in each trust, is seeking to fire the boards, combine the trusts into a larger ...