US EditionSaba Capital take new stakes in two UK investment trusts
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Saba Capital take new stakes in two UK investment trusts
Saba Capital Management, the US-based activist hedge fund led by Boaz Weinstein, has disclosed new positions in two UK-listed investment trusts, as it looks to continue campaign to extract value from closed-end vehicles trading at persistent discounts to NAV, according to a report by CityWire. The report cites regulatory filings as revealing that Saba has acquired a 5.4% stake in Worldwide Healthcare Trust (WWH) and a 5.7% holding in Utilico Eme…
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