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Saba Capital boss says ‘ecosystem of greed’ is hurting investment trust shareholders

Asset Management Correspondent

The boss of the US activist hedge fund seeking to overhaul seven UK-listed investment trusts has claimed an “ecosystem of greed” exists across the sector.  

Former Deutsche Bank executive Boaz Weinstein, who founded Saba Capital Management in 2009, is targeting investment trusts managed by Baillie Gifford, Janus Henderson, Manulife and Herald Investment Management. 

Boaz Weinstein hits back at criticisms over his plans to overhaul seven UK investment trusts

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