Boaz Weinstein Hedge Fund Spars With BlackRock and Neuberger

New York hedge fund Saba Capital Management LP is currently embroiled in separate fights with two large Wall Street asset managers and a well-known law firm over the obscure mechanics of closed-end fund boards.

In one dispute, Boaz Weinstein’s Saba Capital sued BlackRock Inc., arguing that the world’s largest asset manager tried to block outsiders from gaining board seats at three of its funds and effecting change. The Delaware Chancery Court ruled in Saba’s favor in June on two of the funds. A Maryland court ruled in favor…


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