Governance is always a major issue no matter what type of investment you're talking about. As a result, investors should always consider governance before making an investment.
At Grant's Annual Fall Conference, Boaz Weinstein of Saba Capital Management explained why closed-end funds in the U.K. might make better investments. He also discussed why activists tend to avoid close-end funds.
Weinstein is an activist investor in close-end funds who buys funds quoted at attractive discounts to net asset value. However, he doesn't just sit and wait for time to close that gap. He often takes...