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Hedge fund Saba settles with BlackRock funds
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.
Hedge fund Saba settles with BlackRock funds after activist battle
Boaz Weinstein’s Saba Capital has agreed to halt its activist battle against 50 BlackRock funds in exchange for a tender offer at two of them, as the hedge fund wages a broader war against the closed-end fund industry.
Saba Capital: Does the US hedge fund have a point on UK investment trusts?
Saba Capital launched an activist offensive against seven UK investment trusts last month, with the deciding votes quickly approaching.
BlackRock, Weinstein Reach Truce in Feud Over Closed-End Funds
BlackRock Inc. reached an agreement to repurchase shares of two of its largest closed-end funds, following a multiyear campaign by Boaz Weinstein’s Saba Capital Management arguing the vehicles performed poorly and harmed investors.
4h
on MSN
Blackrock trusts agree peace deal with Saba Capital
A host of Blackrock-run investment trusts have made a peace deal with US hedge fund Saba Capital, amid its activist campaign ...
Investors Chronicle
2h
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 ...
5d
on MSN
The seven investment trusts facing Saba's raid: What you need to know (and are they really a 'Miserable 7'?)
Saba, run by Wall Street financier Boaz Weinstein (pictured with ex wife Tali Farhadian), needs to win at least 50% support ...
8h
Saif Ali Khan's sister Saba praises two female staffers for their bravery on the day of attack at her actor brother
Saif Ali Khan's sister Saba Ali Khan posted pictures of the two female staffers who bravely faced the intruder on the night ...
MoneyWeek
12d
Saba Investments - why it sees an opportunity in UK investment trusts
Max King looks at why ever-widening discounts may have created an opportunity for Saba Investments in the UK world of ...
1d
on MSN
Investment trusts make final investor pleas ahead of Saba takeover votes
European Smaller Companies Trust and Edinburgh Worldwide have followed investment trust peers in making their final pleas to ...
7d
Saba's Weinstein takes swing at critics of plan to tackle UK investment trusts
U.S. activist investor Boaz Weinstein called on British critics opposing plans to unseat managers at seven underperforming UK ...
9h
Saif Ali Khan’s home lit up like Diwali after his return, sister Saba Pataudi gives a shoutout to ‘hero’ nannies who kept family safe
Saif Ali Khan's sister Saba Pataudi shared a thank you note for the nannies of Saif Ali Khan and Kareena Kapoor's kids, ...
9d
Saba Capital Shares Key Facts Demonstrating the Need for Shareholder-Driven Change at Seven U.K. Trusts
Saba Capital Management, L.P. (together with certain of its affiliates, "Saba" or "we"), today addressed the misleading claims made recently by Baillie Gifford US Growth Trust PLC (USA:LSE), CQS ...
portfolio-adviser.com
4h
BlackRock enters pact with Saba to ‘not seek to control or influence the board’
Trusts managed by BlackRock have been assured by Saba that it would not oust and replace their boards, as it has with other ...
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