Boaz v BlackRock: Whoever wins, closed-end funds lose
Farewell to a financial mystery
As one of the leaders of the passive-investing revolution, BlackRock is usually a disruptive force in the financial world. But the asset-management giant’s battle with Saba Capital, an activist fund, has cast it in an unfamiliar role: as besieged incumbent. Ten of BlackRock’s investment vehicles, known as closed-end funds, are in Saba’s sights.
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This article appeared in the Finance & economics section of the print edition under the headline “Boaz v BlackRock ”
Finance & economics May 25th 2024
- Can the rich world escape its baby crisis?
- Brazil, India and Mexico are taking on China’s exports
- How the Chinese state aims to calm the property market
- At long last, Europe’s economy is starting to grow
- Boaz v BlackRock: Whoever wins, closed-end funds lose
- Shrinking populations mean less growth and a more fractious world
From the May 25th 2024 edition
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