Saba Capital’s $620 million Close-End Funds strategy has a unique approach to investing. Q4 2019 hedge fund letters, conferences and more The strategy’s managers are on the lookout for closed-end funds trading at deep discounts. According to a copy of the firm’s latest investor presentation, which ValueWalk has been able to review, the average discount closed-end funds are trading at right now is 2.2%. However, Saba’s traders have been able to pick up funds at an average discount of 9% on recent purchases. Industry leader Saba started investing in closed-end funds in 2013 and has since become a leader in…
Saba Capital’s Favorite Closed-End Fund Targets Trade At Wide Discounts To NAV (Exclusive)
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