1. An SEC Official is Siding with Big Asset Managers That Say Hedge Funds Like Saba Capital Should Be Banned from Taking Activist Stakes in Closed-End Funds

    An SEC Official is Siding with Big Asset Managers That Say Hedge Funds Like Saba Capital Should Be Banned from Taking Activist Stakes in Closed-End Funds
    • The US Securities and Exchange Commission's Robert Jackson hopes to prevent the kind of closed-end fund activism that funds like Boaz Weinstein's Saba Capital have engaged in.
    • Jackson, in an interview with Business Insider, said the SEC needs to protect the retail investors who choose closed-end funds for the fixed payouts the structure offers, and hopes to get the issue in front of the full commission before the end of the year.
    • "I'm not interested in protecting funds...
    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Sponsored Content
  2. Quotes

    1. I'm not interested in protecting funds, I'm interested in protecting investors, millions
    2. Frankly this is something the SEC has to care about.
  3. Topics Mentioned

  4. Authors