Founder and chief investment officer of Saba Capital Boaz Weinstein has come out in defence of his company in one of the seven spats it is currently involved in within the investment trust sector.
Back on 18 December, the US hedge fund published a letter calling out CQS Natural Resources Growth & Income, Edinburgh Worldwide, Henderson Opportunities and European Smaller Companies trust, Herald Investment Trust (HRI), Baillie Gifford US Growth Trust and Keystone Positive Change and requisitioning general meetings of shareholders at all seven firms to reconstitute their respective boards of directors. Herald investment trust hits back at Saba over attempt to oust its board In the letter, Saba claimed the current boards had failed to hold the respective investment managers accounta...
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