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Boaz Weinstein Explains Why Activist Investors Avoid Closed-End Funds

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Michelle deBoer-Jones
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Boaz Weinstein

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 closed-end funds.

Weinstein is an activist investor in closed-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...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.