Shareholders in Herald Investment Trust on Wednesday rejected a campaign by U.S. activist investor Saba Capital to overhaul ...
Weinstein's firm Saba Capital had proposed that backers of the £1.3bn Herald Investment Trust vote to kick out the existing board members.
Boaz Weinstein, founder of Saba Capital Management, has a passion for arbitrage investing in closed-end funds. As he turns to ...
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.
Saba Capital has had its first battle over whether it can despose the board of a UK investment trust against Herald ...
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 ...
A US hedge fund that declared war on seven British investment trusts has failed to oust the board of one of its targets.
Boaz Weinstein’s webcast on Tuesday was a lot. Railing against fund managers’ “ecosystem of greed”, the hedge fund founder described his attempted coup at seven UK investment trusts in similar terms ...
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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