BlackRock, Weinstein Reach Truce in Spat on Closed-End Funds
BlackRock Inc. stuck agreements with Boaz Weinstein’s Saba Capital Management that will end the activist-hedge fund’s battle with BlackRock over dozens of closed-end funds whose share prices had tumbled deeply below the value of their underlying assets.
As investment trust managers and industry experts accuse Saba of self-motivated opportunism, the hedge fund responds to ...
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BlackRock Must Face Saba Capital Lawsuit Over Voting Bylaws(Bloomberg) -- BlackRock ... their closed-end funds,” D’Angelo said in a statement. “Failed elections and holdover trustees cannot exist in perpetuity at any closed-end fund.” Weinstein ...
BlackRock won a fight with hedge fund manager Boaz Weinstein last week when shareholders voted at four of its closed-end funds, data showed, keeping the asset manager's directors in place and ...
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