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.
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.
A US hedge fund that declared war on seven British investment trusts has failed to oust the board of one of its targets.
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 ...
Saba Capital has had its first battle over whether it can despose the board of a UK investment trust against Herald ...
Given that Saba prefers trusts where a discount is "clean", ie where there is some clarity about the valuations on the ...
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Hedge fund manager Boaz Weinstein says that his proposal to unseat fund managers at seven UK investment trusts has already ...
Saba, which owns 19-29 per cent of shares in each trust, is seeking to fire the boards, combine the trusts into a larger ...
US hedge fund Saba has ruffled feathers by forcing shareholder votes on proposals to oust board members and merge a set of ...
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