Wide discounts and a hands-off regulator have left Britain’s investment trust sector exposed. Hedge funds following Saba Capital’s model could make the most of it.
A battle for control is unfolding at Edinburgh Worldwide Investment Trust that may prove to be a defining moment for the UK investment trust sector. Activist hedge fund Saba Capital, led by Boaz Weinstein, is attempting to replace the trust’s entire board in a move that signals a more aggressive form of hedge fund activism, shifting f...
Continue Reading
Sign up for FREE to read the full article and access 129K+ alternative investment headlines.