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Hedge fund Saba settles with BlackRock funds
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.
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 Reaches Agreements with Two BlackRock Closed-End Funds
Saba Capital Management, L.P. (together with certain of its affiliates, "Saba") today announced that it has entered into standstill agreements (the "Agreements") with BlackRock Advisors, LLC, which is the investment advisor of the BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) and the BlackRock Health Sciences Term Trust (NYSE: BMEZ) (the "Funds"),
12m
Saif Ali Khan's Sister Saba Pataudi Applauds "Unsung Heroes" After Actor's Attack
Saif Ali Khan was discharged from Lilavati Hospital in Mumbai on Tuesday. He was attacked by an intruder at his Bandra home.
1h
on MSN
Blackrock trusts agree peace deal with Saba Capital
A host of Blackrock-run investment trusts have made a peace deal with US hedge fund Saba Capital, amid its activist campaign ...
portfolio-adviser.com
2h
BlackRock enters pact with Saba to ‘not seek to control or influence the board’
Trusts managed by BlackRock have been assured by Saba that it would not oust and replace their boards, as it has with other ...
1h
on MSN
BlackRock agrees deal with Saba to protect its trusts from coup chaos
BlackRock has revealed an agreement with activist hedge fund Saba Capital it hopes will protect its London-listed investment ...
6h
Saif Ali Khan's sister Saba praises two female staffers for their bravery on the day of attack at her actor brother
Saif Ali Khan's sister Saba Ali Khan posted pictures of the two female staffers who bravely faced the intruder on the night ...
MoneyWeek
7d
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 ...
5d
on MSN
The seven investment trusts facing Saba's raid: What you need to know (and are they really a 'Miserable 7'?)
Saba, run by Wall Street financier Boaz Weinstein (pictured with ex wife Tali Farhadian), needs to win at least 50% support ...
7d
Saba's Weinstein takes swing at critics of plan to tackle UK investment trusts
U.S. activist investor Boaz Weinstein called on British critics opposing plans to unseat managers at seven underperforming UK ...
Hosted on MSN
5h
"Bless you both": Saba Pataudi praises female staff who intervened to protect Saif, his family during burglary attempt at their residence
As Saif is recovering well, his family could not be happier. On Tuesday, his sister
Saba
Pataudi took to Instagram and gave ...
1d
on MSN
Investment trusts make final investor pleas ahead of Saba takeover votes
European Smaller Companies Trust and Edinburgh Worldwide have followed investment trust peers in making their final pleas to ...
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Saif Ali Khan
BlackRock
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Herald
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