Weinstein’s Saba Capital is shaking up UK investment trusts (except one)

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And who better than Institutional Investor’s Activist Hedge Fund Manager of the Year to ask that question?

High costs are to blame for Pershing’s persistent NAV discount: it charges 16 per cent over the high-water mark on top of a 1.5 per cent annual charge.

That’s not true of Pershing, whose core portfolio of a dozen highly-liquid North American large- and megacap stocks could be liquidated overnight.

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Article Details

Author / Journalist: Bryce Elder

Category: MarketsFinanceInvesting

Markets: United States

Topics: Value Financial Fund Hedge Cent Saba Pershing Open-ending Activist Positions Weinstein’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-18 @ 17:07:21 (2 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 449 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 26256970

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Official Website: ft.com

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