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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.

YAHOO!Finance · 21h

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.

The Financial Times · 1d

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"),

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BlackRock’s Larry Fink says bitcoin could reach $700,000 if this happens

That’s Larry Fink, chief executive at BlackRock Inc., the world’s largest asset manager, who says that bitcoin could reach ...

54m

BlackRock’s Fink Calls Elevated Inflation World’s ‘Biggest Risk’

BlackRock Inc. Chief Executive Officer Larry Fink said investors are too quick to conclude that high inflation is over, ...

2d

Into the BlackRock: World’s Largest Asset Manager Continues Firing on All Cylinders

BlackRock (BLK) reported record fourth-quarter and full-year earnings results as the world’s largest asset manager continued ...

Blackrock Neurotech arrays used in BCI that enables finger-based control using only thought

Blackrock Neurotech announced that researchers used its microelectrode arrays to develop a high-performance brain-computer ...

1don MSN

BlackRock executive outlines 'quality' playbook for the 2025 stock market

Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Investors saw ...

2d

BlackRock’s Hildebrand Says EU Needs Regulation ‘Wake-Up Call’

Europe’s financial industry is in danger of falling behind if the bloc and national governments don’t come up with way to ...

1don MSN

Circle acquires Hashnote, which just overtook BlackRock in tokenized money market funds

The stablecoin giant is facing off against BlackRock in a bet that more money market transactions will move on to blockchain.

7d

In Larry Fink's 100th earnings call, the BlackRock CEO spoke about private markets and retirement — but not his own

BlackRock set a record for net inflows in 2024, with more than $600 billion.

7d

BlackRock assets hit record $11.6 trillion in fourth quarter

BlackRock posted a 21% fourth quarter jump in profit after buoyant equity markets increased income from fees and drove its ...

1d

BlackRock Announces Changes to BlackRock Innovation and Growth Term Trust (BIGZ)

BlackRock Advisors, LLC announced today that the Board of Trustees of BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) ...

Northern Trust leaves Net Zero Asset Managers initiative, following BlackRock’s exit

Trillion dollar asset manager Northern Trust has also quit Climate Action 100+, an investor-led initiative of financial ...

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