Saba Capital Management (Saba), the firm run by American hedge fund tycoon Boaz Weinstein has declared stakes in ten UK investment trusts, according to a report by The Times.
These stakes, worth at least £300m were declared in London-listed JP Morgan European Discovery, BlackRock Smaller Companies, Schroder UK, Mid Cap, Henderson Opportunities, Herald, European Opportunities, CQS Natural Resources Growth and three Ballie Gifford investment trusts: Edinburgh Worldwide, Keystone Positive and US Growth.
Weinstein made billions in 2012 after setting up Saba to bet against JP Morgan’s “London Whale” trade, after starting out at Deutsche Bank.
