Saba Capital and Boaz Weinstein respond to investment trusts

As investment trust managers and industry experts accuse Saba of self-motivated opportunism, the hedge fund responds to specific "misleading claims" and sets out its stall

Boaz Weinstein, founder and chief investment officer of Saba Capital Management LP, during an interview in London, UK
(Image credit: Jason Alden/Bloomberg via Getty Images)

Note: for the latest developments related to this story, see our live coverage of investment trust votes.

With the investing industry in seemingly unanimous opposition, New York hedge fund Saba capital has set out its counter-claims to the criticisms of its proposed takeover of seven UK investment trusts.

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Dan McEvoy
Senior Writer

Dan is a financial journalist who, prior to joining MoneyWeek, spent five years writing for OPTO, an investment magazine focused on growth and technology stocks, ETFs and thematic investing.

Before becoming a writer, Dan spent six years working in talent acquisition in the tech sector, including for credit scoring start-up ClearScore where he first developed an interest in personal finance.

Dan studied Social Anthropology and Management at Sidney Sussex College and the Judge Business School, Cambridge University. Outside finance, he also enjoys travel writing, and has edited two published travel books.