Watch CNBC's full interview with Saba Capital's Boaz Weinstein
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- Опубліковано 13 тра 2024
- Boaz Weinstein, founder and chief investment officer at Saba Capital Management, joins CNBC's 'Squawk Box' to discuss their firm's fight against BlackRock over closed-end funds, how he sees the resurgence of meme stocks craze and more.
"Low fee fund, only 75 bps". Uh, that may be "low" in the closed-end funds but that's still a lot.
Market baby others take 100bps to 200bps. We only take 150 bps
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So if I buy a whole bunch of the fund then force them to sell back at NAV then you make a bunch of money for yourself and those who buy on your recommendation. Wow...a win win for who? Clearly Saba Capital is looking out for the small unsophisticated investor....🙄. I was not going to vote because I know it will go to Blackrock so now I will vote for them directly.
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