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.
Baillie Gifford U.S. Growth Trust , battling plans by U.S. activist Saba Capital to shake up its board, unveiled fresh data ...
Given that Saba prefers trusts where a discount is "clean", ie where there is some clarity about the valuations on the ...
Boaz Weinstein, founder of Saba Capital Management, has a passion for arbitrage investing in closed-end funds. As he turns to ...
Edison is not the only concerned party to raise alarms around this matter – the Association of Investment Companies (AIC) ...
US hedge fund Saba has ruffled feathers by forcing shareholder votes on proposals to oust board members and merge a set of ...
U.S. activist investor Boaz Weinstein called on British critics opposing plans to unseat managers at seven underperforming UK ...
As investment trust managers and industry experts accuse Saba of self-motivated opportunism, the hedge fund responds to ...
Saba CEO confirmed the hedge fund would seek to merge trusts into a single vehicle and invest back into UK assets ...
Saba, which owns 19-29 per cent of shares in each trust, is seeking to fire the boards, combine the trusts into a larger ...
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