Money Makers podcast: 11 Jan 2025
In the latest edition 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 first by Karen Brade, chair of Keystone Positive Change, and Ben Conway, chief investment officer at Hawksmoor Investment Management, to discuss the recent developments with Saba Capital.
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249: Karen Brade and Ben Conway
0:05:16 – The decision to hold a continuation vote
0:15:07 – The agenda of Saba Capital
0:19:30 – Are issues specific to the trust or more fundamental to the sector?
0:21:33 – The role of platforms in keeping shareholders informed
0:23:49 – Confidence in winning the vote
0:24:43 – Options after winning the vote
0:27:10 – Evaluating the performance of the trust
0:30:26 – A short break
0:31:21 – Q&A with Ben Conway
0:31:30 – Interpreting recent developments from Saba Capital
0:35:02 – A structural flaw in investment trusts?
0:42:10 – Could a Saba win be a positive outcome?
0:45:52 – A wake-up call for the investment trusts sector?
0:47:03 – The impact on consolidation
0:50:42 – Is not owning the Saba-targeted trusts an oversight?
0:51:55 – Who will win the votes?
0:54:27 – Close
Recorded: 09 January 2025
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