Boaz Weinstein’s Saba Ramps Up Activist Bets
The hedge fund firm has recently taken activist stakes in four closed-end funds, and declared passive stakes in three.
Boaz Weinstein’s Saba Capital Management is turning up the heat on closed-end funds.
Since March 1, the credit-oriented hedge fund has submitted 13D filings suggesting that it may take some sort of action on at least four different funds. This has included threatening to launch a proxy fight against one of them, in order to narrow the discount the fund is trading at compared to its net-asset value.