Hedge fund manager wanted to oust trust’s board, shift mandate Saba is also targeting trusts run by Baillie Gifford, Manulife Boaz Weinstein lost a crucial vote to gain control of Herald Investment ...

Boaz Weinstein’s Saba Capital Management has lost the first of the votes it requisitioned to oust the boards of seven investment trusts, three of them in Scotland, and take control of these funds.

LONDON (Reuters) -Shareholders in Herald Investment Trust on Wednesday rejected a campaign by U.S. activist investor Saba Capital to overhaul its board, in a blow to founder Boaz Weinstein's wider ...

The agreement lasts for three proxy seasons. "This is a monumental outcome for shareholders," Saba's founder Boaz Weinstein wrote on social media platform X. He said the settlement shows how ...

Boaz Weinstein, founder and chief investment officer of Saba Capital Management, has taken aim at seven UK investment trusts Photographer: Jeenah Moon/Bloomberg via Getty Images US hedge fund Saba ...

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The controversy has been sparked by Boaz Weinstein, founder of New York-based hedge fund Saba Capital Management, whose long-held passion is investing in closed-end funds.

The firm, run by Wall Street financier Boaz Weinstein, needs to win 50 per cent support from voting shareholders to succeed, meaning investors must vote against the proposals to defeat them.

The co-op last traded in 2012, when hedge fund founder Boaz Weinstein bought it for $25. ... At the time, the listings included no pictures of the apartments’ interior, and only a small group ...

Saba said apart from Saba founder Boaz Weinstein and Saba principal executive officer Paul Kazarian, its candidates for directors are independent. Weinstein and Kazarian have committed to recusing ...