Closed-end funds are very similar to exchange-traded funds, but with one big difference. Like ETFs, they hold pools of assets, but unlike ETFs, they trade more like a stock because they have a fixed number of shares, and sellers need to find a willing buyer if they want to sell their shares. Closed-end funds also have another similarity to stocks, which is that they can be subject to activism. Closed-end funds: the basics Boaz Weinstein of Saba Capital Management gave a presentation on closed-end funds at the recent Robin Hood conference. He described their activism in closed-end funds as the…
Robin Hood 2019: Boaz Weinstein of Saba Capital on how to do activism in closed-end funds
Michelle deBoer-Jones
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.