Saba Capital’s Favorite Closed-End Fund Targets Trade At Wide Discounts To NAV (Exclusive)

Rupert Hargreaves

Published onFebruary 28, 2020

Saba Capital's $620 million Close-End Funds strategy has a unique approach to investing.

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Q4 2019 hedge fund letters, conferences and more

The strategy's managers are on the lookout for closed-end funds trading at deep discounts.

According to a copy of the firm's latest investor presentation, which ValueWalk has been able to review, the average discount closed-end funds are trading at right now is 2.2%.

However, Saba's traders have been able to pick up funds at an average discount of 9% on recent purchases.

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Saba started investing in closed-end funds in 2013 and has since become a leader in closed-end fund activism. The...

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Saba Capital’s Favorite Closed-End Fund Targets Trade At Wide Discounts To NAV (Exclusive)

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