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.
LONDON (Reuters) - Shareholders in Herald Investment Trust on Wednesday rejected a campaign by U.S. activist investor Saba ...
Weinstein's firm Saba Capital had proposed that backers of the £1.3bn Herald Investment Trust vote to kick out the existing ...
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.
Boaz Weinstein, founder of Saba Capital Management, has a passion for arbitrage investing in closed-end funds. As he turns to ...
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 ...
Given that Saba prefers trusts where a discount is "clean", ie where there is some clarity about the valuations on the ...
U.S. activist investor Boaz Weinstein called on British critics opposing plans to unseat managers at seven underperforming UK ...
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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