At the Money Special: Activist Investing for NAV

Masters in Business

Bloomberg

Business, Investing

4.4 • 2.2K Ratings

🗓️ 26 March 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

What happens when a fund is trading below its NAV (net asset value)? How can investors force management to allow the fund to trade back to fair value? Boaz Weinstein, founder and manager of Saba Capital Management, speaks with Barry Ritholtz about activist investing in closed end funds. His firm runs over $7 billion in client assets, and he manages the SABA Closed End Funds ETF (CEFS).

Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.

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Transcript

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0:00.0	What are the day's top stocks?
0:02.0	Aluminum steel stocks.
0:03.4	They're all outperforming.
0:04.4	Which companies are posting the biggest gains and losses?
0:07.4	And why?
0:08.0	Crypto length stocks.
0:08.8	They're getting hit.
0:09.5	You can see why the reaction is so steep.
0:11.3	Track the biggest market trends on stock movers.
0:14.6	A new podcast from Bloomberg.
0:16.4	Amazon, that's really been the big name.
0:18.3	Get the data that matters for your investments.
0:20.9	Stock market hitting all-time high.
0:22.6	The shares have rallied 60%.
0:24.3	Subscribe to the Stock Movers Podcast on Apple, I sat down with Boaz Weinstein. This week, an unconventional at the money.
0:58.2	At Futureproof, Miami, I sat down with Boaz Weinstein.
1:01.1	He is a previous guest on Masters in Business.
1:03.0	He runs Sabah Capital.
1:08.6	And he's one of these people that looks at the world a little differently than everybody else. He identifies mispricings in real time, and not only does
1:14.4	he purchase various funds that are mispriced, he then goes about agitating for change. One of the
1:21.9	areas that he had been doing this with in the past was SPACs, and we've talked about that on our previous recording with him.
1:30.4	Lately, he has been agitating for change in closed-end funds that are trading at double-digit
	...

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