Saba Capital’s Boaz Weinstein has made a public callout to House of Lords representative Ros Altmann for a meeting regarding UK investment trusts, the founder and CIO’s first public move to engage with a British politician and campaigner amid his company’s activism in the sector.
Altmann, a former pensions minister, has long campaigned on behalf of investment trusts, launching a private member's bill last year to try and overturn legacy cost disclosure rules hampering the sector, and contributed to the latest version of the bill going through parliament. Saba Capital founder and CIO Boaz Weinstein: 'We do not need investment trusts' At 11:59pm on 12 February, Boaz replied to a post from Altmann sharing an article discussing how these leftover EU regulations had made the UK vulnerable to the sort of takeover attempt currently being carried out by Saba. He...
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