The US hedge fund stated it intends to place ahead proposals to transition them into “comparable open-ended funds to provide shareholders the chance to obtain long-overdue liquidity at web asset worth”.
The trusts in query are CQS Pure Assets Development & Earnings; European Smaller Firms; Middlefield Canadian Earnings PCC and Schroder UK Mid Cap fund. The previous two have been a part of seven trusts focused by Saba in December, trying to oust their boards in favour of two of its personal nominees.
Saba saga ‘ought to come as no shock’ and serves as ‘a wakeup name to boards’ irrespective of the …
