‘Significant shift in strategy’: Saba Capital targets four more investment trusts
Saba Capital has requisitioned meetings at a further four investment trusts, with the US hedge fund aiming to convert each trust into open-ended funds.
Hedge fund Saba's Weinstein steps up campaign against UK investment trusts
Saba Capital Management has added more UK investment trusts to its activist campaign and plans to further shake up the sector, the hedge fund's founder Boaz Weinstein told the LSE Alternative Investments Conference on Monday.
'Act now' on Saba Capital's trusts raid, investors told
Edinburgh Worldwide is the last trust to face a vote after six others fought off plans by Saba boss Boaz Weinstein to clear out their directors and replace them with his allies.
Investment trusts vote: Saba loses six consecutive votes
Saba Capital, a New York hedge fund that has requisitioned General Meetings at seven UK investment trusts, faces a crucial week as five trusts vote
Boaz Weinstein Starts New Campaign Against Four UK Trusts
Activist hedge fund manager Boaz Weinstein has kicked off a new campaign against four UK investment trusts following a failed attempt to gain control of some funds earlier.
Now it's 6-0 as another investment trust snubs US raider Saba Capital
The European Smaller Companies Trust's shareholders voted down proposals by Saba Capital to kick out its existing directors and replace them with his allies.
CQS Natural Resources faces second meeting requisition by Saba
LONDON - CQS Natural Resources Growth and Income PLC, an investment company, has received a second requisition notice from ...
SABA: Saba Capital's New Fund Is Preferred For More Volatile Times Ahead
SABA Capital Income & Opportunities Fund II offers flexible strategies and strong performance in volatile markets, making it ...
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CQS blasts 'wasteful' Saba second general meeting and tells shareholders to take no action
CQS Natural Resources Growth & Income trust said Saba’s proposal to convene another general meeting is “without merit” and ...
Two more trusts defeat US raider: Investors reject Saba Capital plans for major shake-up
Baillie Gifford US Growth Trust and Keystone Positive Change investors opposed plans by Weinstein's firm Saba Capital to ...
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Saba suffers sixth defeat at European Smaller Companies Trust meeting
Saba Capital has suffered the sixth defeat in its campaign against seven investment trust boards, after losing the European Smaller Companies vote.
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Saba Capital launches next round of trust activism targeting transitions to open-ended structure
Saba Capital has launched a fresh campaign against four UK investment trusts, looking to requisition general meetings for all ...
Saba Capital requisitions meetings at four trusts on liquidity options
(Alliance News) - Saba Capital Management LP on Monday said it intends to requisition general meetings at four trusts, targeting proposals for liquidity at net asset value and the transition of the ...
Saba Capital sells $813,349 in Nuveen New Jersey Quality Municipal Income Fund stock
Saba Capital Management, L.P., a significant stakeholder in Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ), recently sold shares totaling $813,349. The sales occurred over two days, with ...