You Searched For "saba capital" and got 20 results
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1 min read
Hedge fund Saba Capital quickly dumped all of its unrestricted shares in the SPAC set to merge with Trump's media company, citing conflicting 'values' - and missed most of a 357% surge
Six other hedge funds that are invested in Digital World saw peak paper profits of more than $100 m…
Matthew Fox
3 mins read
Saba Capital is targeting a unit of Legg Mason in an activist campaign. Another Legg Mason business stands to profit if it's successful.
"Saba Capital has engaged in 16 proxy contests since its inception in 2009 and currently maintains …
Bradley Saacks
4 mins read
An SEC official is siding with big asset managers who say hedge funds like Saba Capital should be banned from taking activist stakes in closed-end funds
"Closed-End funds with discounts to [net asset value] above 20% year after year have one thing in c…
Bradley Saacks
2 mins read
Bill Ackman's Big Hedge Fund Conference Is Coming Up - Here's How Last Year's Stock Picks Did
In addition to Ackman, the other speakers this year include, Andrew Feldstein (BlueMountain Capital…
Julia La Roche
10 mins read
The last gasp of the swashbuckling Wall Street titans
Big-name hedge fund managers used to rule the stock market like gods. Now their days of domination …
Linette Lopez
1 min read
Bearish investor Boaz Weinstein is feeling the pain from this year's unexpected stock rally
Saba Capital's flagship $1.3 billion fund is down 8% year-to-date, according to the Financial Times.
George Glover
2 mins read
The stock market's fear gauge just hit a 42-month low. Investors are ignoring a load of risks, hedge fund manager says.
Investors expect the least volatility in stocks since January 2020. They're overlooking dangers lik…
Theron Mohamed
2 mins read
Taylor Swift, Warren Buffett, and Elon Musk: an elite investor isn't shy of name-dropping to promote a niche type of fund
Boaz Weinstein has linked Taylor Swift and Warren Buffett to discounted closed-end funds, and menti…
Theron Mohamed
2 mins read
A 2,000-year-old mummy was found dumped in the trash in Yemen with its insides ripped out
Tomb robbers and antiquities traffickers have been blamed for exhuming the corpse, which was found …
Marianne Guenot,Sam Tabahriti
6 mins read
7 of the most challenging airports around the world for airline pilots to take off and land at
Some global airports are so risky that only a handful of airline pilots are trusted to take off fro…
Taylor Rains
1 min read
Veteran investor Boaz Weinstein warns of a major market sell-off as First Republic reignites banking crisis fears
"The chance of a major sell-off in the next six months… has never been higher," Weinstein told Bloo…
George Glover
1 min read
Taylor Swift showed her financial savvy when she avoided a FTX deal. She puts her money in a niche type of fund, an elite investor says.
Taylor Swift's father told Boaz Weinstein the singer invests in a particular type of mutual fund, t…
Zinya Salfiti
7 mins read
These 8 airports are some of the world's most dangerous only a select group of pilots is allowed to use them
From Antarctica to Nepal, some airports are so dangerous that only a handful of aviators are truste…
Taylor Rains
5 mins read
OpenAI's wild weekend just upended the world of AI
Sam Altman is out at OpenAI, but landed at one of its major investors, Microsoft. Here's everything…
Dan DeFrancesco
1 min read
At least 2 hedge funds dumped their SPAC stakes after a merger with Trump's new media company was announced, reports say
Investors in Digital World Acquisition Corp. reportedly sold their shares after finding out the SPA…
Kevin Shalvey
2 mins read
A decades-long bear market could hit the US stock market as the Fed gets serious about reducing its $9 trillion balance sheet, hedge fund manager Boaz Weinstein says
"I'm very pessimistic. There isn't a rainbow at the end of all this. [Quantitative tightening] is g…
Matthew Fox
1 min read
These 8 firms just made a killing on the SPAC set to merge with Donald Trump's media company
A handful of investment firms saw peak paper profits of more than $100 million on Thursday after Di…
Matthew Fox
2 mins read
Donald Trump's SPAC gambit could make him richer than ever, with the ex-president and any partners reportedly set to own more than 50% of the post-merger company
Bloomberg estimates Trump and any of his partners will own a combined $4.8 billion stake in the pos…
Natasha Dailey
2 mins read
Evergrande bonds are being scooped up by bargain-hunting funds on bets China can ward off a messy collapse, reports say
Marathon's Bruce Richards sees opportunities in the embattled real-estate developer because there's…
Shalini Nagarajan
2 mins read
Anthony Scaramucci says the Trump media SPAC is 'garbage propaganda,' but if it does well enough it could keep the former president out of politics
Scaramucci, the former White House communications director under Trump, said he hopes the stock mov…