Baroness Altmann's intervention came as CQS Natural Resources Growth and Income, one of the trusts targeted by Saba, accused the hedge fund of trying to ‘undermine’ its strategy.
The peer’s intervention came as CQS Natural Resources Growth and Income, one of the trusts targeted in Saba’s latest broadside, accused the hedge fund of trying to ‘undermine’ its strategy.
Baroness Ros Altmann said plans by Saba’s Boaz Weinstein to change the structure of four London-listed trusts from closed-ended funds into open-ended ones could put investor savings at risk.
Activist threat: Baroness Ros Altmann said plans by Saba’s boss Boaz Weinstein (pictured) to change the structure of four London-listed trusts could put investor savings at risk.
The latest assault on UK investment trusts by Wall Street raider Saba Capital could risk a scandal similar to the collapse of Neil Woodford’s fund management empire, a former pensions minister has warned.
