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Saba Capital disputes that BlackRock won in closed-end fund fight

georgeclerk Saba Capital Management disputed that BlackRock (NYSE:BLK) won against the hedge fund in a battle over closed-end funds Saba Capital claims that shareholders vote for Saba’s nominees by a “wide margin” in two of BlackRock’s funds, BIGZ and ECAT, the hedge fund said in a statement earlier on Monday.Continue Reading

Bill Ackman’s Pershing Square sets IPO price of its closed-end fund at $50 a share

In: Finance

Bryan Bedder Pershing Square Capital Management (“PSCM”), the investment firm led by billionaire Bill Ackman, has set the initial offering price of its U.S. closed-end fund at $50 per share, according to an SEC filing dated Friday. The fund, known as Pershing Square USA, plans to charge a management feeContinue Reading

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Saba Capital disputes that BlackRock won in closed-end fund fight

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