NEW YORK, – BlackRock won a fight with hedge fund manager Boaz Weinstein this week when shareholders voted at four of its closed-end funds to keep the asset manager’s directors in place and retain it as the manager, new data released on Friday show. Weinstein’s Saba Capital Management, a large […]
Saba Capital Management
BlackRock Inc. closed-end fund holders are being urged by an influential proxy adviser to reject efforts by activist hedge fund Saba Capital Management to terminate the firm as manager of two funds overseeing about $2 billion. Still, in reports released late Monday, Institutional Shareholder Services recommended supporting Saba’s board nominees […]