On the prowl: Boaz Weinstein's Saba Capital Management was emboldened to take a tilt because the trusts have been trading at a discount to the value of their net assets.
Weinstein's Saba Capital Management was emboldened to take a tilt because the trusts have been trading at a discount to the value of their net assets.
Boaz Weinstein, the US corporate predator who targeted a septet of investment trusts he called 'the Miserable Seven', has been given a drubbing.
And as Baroness Altmann has pointed out, ludicrous EU rules have made investment trusts listed in London appear significantly more expensive for savers than they are in reality.
They famously, for instance, helped make sure Marks & Spencer saw off a hostile bid by Sir Philip Green twenty years ago and now they have saved the investment trusts.
