“We’re not here to make trouble.” So says Boaz Weinstein, founder and chief investment officer of activist investor Saba Capital Management, who joins this episode of the Merryn Talks Money podcast, hosted by senior reporter John Stepek.

His claim may come as news to boards of many UK investment trusts. Saba has taken large stakes in seven of them and called extraordinary general meetings. Those gatherings could result in existing boards being swept away and replaced by Saba's favored candidates when voting happens over the next few weeks.

Why the UK? Why investment trusts? And why now? Listen to hear Weinstein's answers. 

(Corrects podcast to remove incorrect statement about fund performance data.)

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&ldquo;We&rsquo;re not here to make trouble.&rdquo; So says Boaz Weinstein, founder and chief investment officer of activist investor Saba Capital Management, who joins&nbsp;this episode of the Merryn Talks Money podcast, hosted by senior reporter John Stepek.
His claim may come as news to boards of many UK investment trusts. Saba has taken large stakes in seven of them and called extraordinary general meetings. Those gatherings could result in existing boards being swept away and replaced by Saba's favored candidates when voting happens over the next few weeks.
Why the UK? Why investment trusts? And why now? Listen to hear Weinstein's answers.&nbsp; (Corrects podcast to remove incorrect statement about fund performance data.)
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Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.

Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.

Merryn Talks Money

How Saba's Boaz Weinstein Plans to Transform UK Investment Trusts

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f9260ffc-bf04-41f4-8d17-b26501669360/transcript

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