I love the ‘Queensbury’ fair rules of UK investment trusts

Correction: Saba holds $5.4bn globally in investment companies and around $1bn in the UK.

Saba Capital has established a holding of around $1bn in UK investment companies. about 18% of its total in closed-end funds, according to its founder and chief investment officer Boaz Weinstein.

Speaking at the London School of Economics’ alternative investments conference, Weinstein said Saba struggled to invest as much as it wanted in the frequently illiquid funds, buying ‘maybe 20m a day’.