At the 2024 Bloomberg Invest Summit, Boaz Weinstein, the Founder and Chief Investment Officer of Saba Capital Management, sat down with Bloomberg's Global Finance Correspondent, Sonali Basak, to discuss his firm’s aggressive strategy of targeting closed-end funds. This panel, titled "The Closed-End Fund Crusade," provided insight into Weinstein's methods and objectives in his high-profile proxy battles against financial giants like BlackRock.
Boaz Weinstein: A Battlefront in Closed-End Funds
Weinstein is no stranger to making headlines. Known for his role in the "London Whale" saga involving JP Morgan, he has shifted his focus in recent years towards activist investing, specifically targeting closed-end funds. These funds often trade below their net asset value (NAV), and Weinstein sees an...
