Shareholders in Herald Investment Trust on Wednesday rejected a campaign by U.S. activist investor Saba Capital to overhaul ...
Boaz Weinstein lost a crucial vote to gain control of Herald Investment Trust, marking the hedge fund manager’s first defeat in an unprecedented weekslong campaign against seven London-listed funds.
Baillie Gifford partner Tom Slater, manager of the £12 billion Scottish Mortgage Investment Trust, last week revealed his personal opposition to Mr Weinstein’s attempt to oust the boards of the three ...
Boaz Weinstein, founder of Saba Capital Management, has a passion for arbitrage investing in closed-end funds. As he turns to ...
Given that Saba prefers trusts where a discount is "clean", ie where there is some clarity about the valuations on the ...
Edison is not the only concerned party to raise alarms around this matter – the Association of Investment Companies (AIC) ...
Hedge fund manager Boaz Weinstein says that his proposal to unseat fund managers at seven UK investment trusts has already ...
US hedge fund Saba has ruffled feathers by forcing shareholder votes on proposals to oust board members and merge a set of ...
Saba CEO confirmed the hedge fund would seek to merge trusts into a single vehicle and invest back into UK assets ...
As investment trust managers and industry experts accuse Saba of self-motivated opportunism, the hedge fund responds to ...
Saba, which owns 19-29 per cent of shares in each trust, is seeking to fire the boards, combine the trusts into a larger ...