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Investment trust insider poses 10 questions to Saba

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Investment trust insider poses 10 questions to Saba – James Carthew: 10 questions Saba ignored at ‘scripted’ seminar

Saba’s recent webinar was no more than a choreographed attempt to pull the wool over investors’ eyes. Here are the key questions Boaz Weinstein refused to answer

Last Tuesday, Saba held a webinar attended by a raft of brokers, journalists, directors, and even a few investors – the complete ‘echo-system’ as Saba’s Boaz Weinstein kept calling it – of people interested in its plans for the seven targeted trusts and the rest of the sector.

You can catch up on the details in Michelle McGagh’s story here, so I will not rehash everything except to restate (as I did in the comments) that Weinstein is most definitely not the voice of ‘mom and pop’ investors.

What seemed like a rambling and, at times, passionate defence of Saba’s intentions felt to me to be more of a carefully scripted and choreographed attempt to pull the wool over investors’ eyes.

There could be no greater evidence of this than the claim from his PR team that there were no further questions, when the reality was that many hundreds of questions submitted by the audience went unmentioned.

Here – in no particular order – are 10 that we asked, and we would dearly like to know the answers to:….    read more here