Saba Capital has been picking up closed-end funds at some deep discounts. In a recent presentation, Boaz Weinstein’s $1.9 billion fund highlighted just one of the three main strategies it follows. Saba has been investing in closed-end funds since October 2015 and has $620 million in assets under management in the strategy. Closed-end funds trading at a discount In the presentation seen by ValueWalk, Saba management said the average discount closed-end funds are trading at right now is 2.2%. However, the fund has been picking up such funds at an average discount of 9% on recent purchases. Fund management…
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
