In the latest editions of the Money Makers investment trust podcast released this week, Jonathan Davis, editor of the Investment Trusts Handbook and winner of the 2024 AIC Best Broadcast Journalist Award, is joined by Boaz Weinstein, CIO of Saba Capital, and Peter Hewitt, manager of CT Global Managed Portfolio Trust (CMPI/CMPG).
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253: Boaz Weinstein
0:01:35 – Assessing the impact of Saba’s campaign since 2022
0:07:33 – Building stakes
0:09:37 – What are the objectives?
0:20:22 – Addressing vagueness
0:22:07 – Buyers for unlisted instruments
0:27:50 – A short break
0:28:42 – Board size and corporate governance
0:35:12 – Buying on the cheap
0:40:13 – What happens if a vote is lost
0:48:34 – Why these seven trusts?
0:52:36 – Saba’s anticipated return from its campaign
0:56:23 – A preference for constructive engagement?
0:58:30 – Close
254: Peter Hewitt
0:00:40 – Saba Capital
0:07:38 – Saba’s wake-up call
0:15:18 – Are investment trusts a “chumocracy”?
0:18:23 – What’s happens from here?
0:24:49 – Peter’s holdings in Henderson Opportunity Trust (HOT) and Keystone Positive Change (KPC)
0:28:11 – A short break
0:29:03 – CT Global Managed Portfolio Trust results and changes
0:40:25 – Tackling discounts and renewables
0:45:49 – A normal average discount going forward
0:48:24 – Scotland in the Six Nations
0:50:04 – Close
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Disclosures about the editor’s personal holdings of investment trusts can be found here. Our podcasts are also available on the Association of Investment Companies website (www.theaic.co.uk) and Doceo (doceo.tv). The producer of the podcasts is the brilliant Ben Gamblin – more details on him here.