Activist investor Boaz Weinstein has urged shareholders in seven UK investment trusts to overhaul their boards due to weak performance, and outlined plans to put forward his hedge fund as the trusts’ manager.
The seven trusts in Saba’s firing line, which are managed by Janus Henderson, Herald Investment Management, Manulife and Baillie Gifford, have suffered from wide discounts, whereby the performance of shares has lagged behind the value of the trusts’ assets. Discounts range from 12 per cent to 14.7 per cent on average over three years.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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