Investors Chronicle

‘Trusts need to do better’: Boaz Weinstein of Saba Capital

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Sinopsis

Dave Baxter and Dan Jones sit down with the founder of Saba Capital, Boaz Weinstein. Last month, Saba sent the investment trust space into disarray by announcing it wanted to unseat board members at seven underperforming trusts, and merge them or offer shareholders a way out.In the episode, Dave and Dan grill Boaz on how Saba’s plans would work, what happens if it doesn’t win the votes, his belief that investors will benefit and more.The deadlines for shareholders to vote on Saba’s proposals vary, but in many cases, they are due before the end of January: check with your platform for details.How to vote in Saba's big investment trust battleTimestamps 1:45 Are we too preoccupied with discounts?5:04 Critiques of Saba6:53 The plan when the results are in10:05 Professional investors’ view 12:21 If they don’t win the votes15:01 Cash exits for trusts 16:53 Trusts’ unlisted holdings eg. SpaceX19:57 The strategy for a new super-entity23:31 Where Saba’s attention will turn next25:55 If they win the vote