Herald investors vote against Boaz Weinstein's revamp plan
Shareholders in Herald Investment Trust on Wednesday rejected a campaign by U.S. activist investor Saba Capital to overhaul ...
Victory for shareholder democracy: Herald investors reject power grab by Wall Street raider Boaz Weinstein
Weinstein's firm Saba Capital had proposed that backers of the £1.3bn Herald Investment Trust vote to kick out the existing ...
A U.S. Hedge-Fund Star Wants to Rescue British Investors. They Should Thank Him and Leave.
Boaz Weinstein, founder of Saba Capital Management, has a passion for arbitrage investing in closed-end funds. As he turns to ...
Boaz Weinstein Loses First UK Investment Trust Vote Showdown (2)
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 suffers big defeat in investment trust battle
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 ...
Investors Chronicle19h
What we learned from interviewing Saba
Given that Saba prefers trusts where a discount is "clean", ie where there is some clarity about the valuations on the ...
US hedge fund fails in battle with UK investment trust
A US hedge fund that declared war on seven British investment trusts has failed to oust the board of one of its targets.
Investment trusts under fire again — are they finally listening?
Saba, which owns 19-29 per cent of shares in each trust, is seeking to fire the boards, combine the trusts into a larger ...
Investors Chronicle1d
‘Trusts need to do better’: Boaz Weinstein of Saba Capital
US hedge fund Saba has ruffled feathers by forcing shareholder votes on proposals to oust board members and merge a set of ...