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198 posts

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@arbtrader213

United States Katılım Şubat 2022
299 Takip Edilen104 Takipçiler
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The Shy Investor
The Shy Investor@investor_shy·
@boazweinstein You have to wonder who pays @QuotedData for their nonsense. just a few days before Gavin Lumsden was shilling for the chair of #ewi despite their losing hundreds of millions of shareholders funds.
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boaz weinstein
boaz weinstein@boazweinstein·
Alistair Osbourne’s bias laid bare once again! Here’s his latest assault on the truth: thetimes.com/business/compa… Now, compare the title to the lead sentence of the paragraph about who lost and won: Title: Everyone loses with Saba’s win-win Body: Yet, it looks like one of those win-wins where nobody really wins — apart from Aberdeen. So by your own account Aberdeen won. ✅ Saba won but to Alastair it’s not a win because he says Saba ‘wouldn’t have maxed out on Herald’. ✅ And of course, shareholders won because the ones who have been selling in the market will now be able to sell into the tender for 10% more. ✅ Alistair also refers to me as a ‘self-styled chess master’, which implies that I’m not one. From our AI overlords: Yes, Boaz Weinstein is a recognized chess master who earned the title of Life Master from the United States Chess Federation at the age of 16. While now primarily known as the founder of Saba Capital Management, he was a highly ranked junior and has maintained a strong proficiency in the game, with a peak Elo rating around 2300 Sorry Alistair — it is you who lost. And you’re playing checkers. ❌
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boaz weinstein
boaz weinstein@boazweinstein·
Thank you Christian, it was a pleasure to meet you in London last month! Christian Pittard, Head of Closed End Funds and Managing Director, Corporate Finance, Aberdeen Group, says: "As a smaller companies' specialist with a proud heritage in investment trusts, I am pleased this transaction will not only preserve the future of one of Britain's best known investment trusts, but also allow Herald's team to keep doing what they do best as part of Aberdeen's growing closed end funds stable. We would like to thank the HRI Board for their confidence in appointing Aberdeen as manager of one of the jewels in the investment trust sector's crown and the Herald team for committing to join Aberdeen.   We would also like to thank Saba, who deserves special mention for working constructively and creatively to end the impasse. Saba's collaboration and determination to find a path forward that benefited all shareholders ultimately made it possible to preserve this trust and, together, deliver an outcome that is positive for everyone.
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Brad Tirpak
Brad Tirpak@BradTirpak·
American hedge-fund manager Saba Capital and @boazweinstein wins a big British victory for shareholders! @https://www.wsj.com/finance/boaz-weinstein-scores-victory-in-fight-over-fund-with-spacex-stake-1c414fe1?st=CfpJAu via @WSJ
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boaz weinstein
boaz weinstein@boazweinstein·
So thankful to be part of the King’s Trust 50th anniversary party.
boaz weinstein tweet media
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boaz weinstein
boaz weinstein@boazweinstein·
@JosefStrand1 It’s a simple question, do you like your manager selling something trading at $1.5+ trillion in the market for just $1 trillion.
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AT@Arbtrader69·
@boazweinstein @thisismoney Also the same firm led by a guy who used straw man buyers like his aerobics instructor to put in minority bids for FCC license auctions. Fascinating history if you missed it back in the day.
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boaz weinstein
boaz weinstein@boazweinstein·
David Schachter of Gabelli — the self-styled “Discount Doctor” — is a self-interested salesman masquerading as an independent commentator. He takes a swing at me in today’s @ThisIsMoney. The readers deserve some context. On Dec. 2, 2025, he emailed me: “It would be a wonderful privilege for me to get an order from you.” He wrote to my colleague: “It would please me greatly if Boaz were to give me an order.” Of course we weren’t interested. Four months later, he’s a governance crusader. Opinion editors are supposed to vet for conflicts of interest. A salesman who solicited my business, got no reply, and then wrote a weak hit piece is not a disinterested authority. He is a scorned vendor with a byline. And this comes from the Gabelli orbit — the same firm accused in 2020 of using a blocking stake to “trap” shareholders against their will and frustrate a liquidation supported by the majority. That’s the corporate governance record he’s writing from. Do better.
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AT@arbtrader213·
RT @boazweinstein: My partner @kieranwgoodwin has been so right about this space for over a year and he has really sharpened my vision. Out…
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Mike Cosgrove
Mike Cosgrove@mikecosgrove·
@annabelbrodies @Cal_Muirhead @AICPRESS @thisismoney It won’t get no traction because the FCA knows deep down that it’s not about protecting retail investors. Trusts don’t care about retail shareholders. Tbh it’s very anti-free market therefore it reeks of desperation.
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boaz weinstein
boaz weinstein@boazweinstein·
Yesterday’s @FTAlphaville piece on Workspace Group wasn’t analysis — it was a heavily conflicted PR exercise for the company, driven by commentary from its current and former corporate brokers and laundered through Bryce Elder at the Financial Times. Bryce, who opens the piece with “Blessed is the day we don’t have to hear about Boaz Weinstein” (lol), nevertheless made his readers hear about me last February, when he won a self-inflicted Darwin Award for mansplaining arbitrage by inventing something he called the “Boazculator” — a model so laughably wrong it managed to ignore the rebate on a short position. On WKP, here’s the broker-led framing, courtesy of former broker Panmure Liberum:   “These assets are not liquid, the value is not based on recent like-for-like transactions but based onvaluer’s estimates […] What’s more likely is the valuation is 10% wrong, […] and it would take years to complete.” Now the math — which is apparently optional:   • Shares trade at a 45% discount → price = 55   • Assume NAV is 10% overstated → assets clear at ~90   • That’s 35 of upside on a 55 entry   • ~64% absolute return, plus dividends! Or you can stay in WKP in its current form—and it will probably never see a 64% return in your lifetime. Is it a win that in the bull market of the last 5 years, that WKP’s total return is -29% handily beating EWI which came in at an even more shameful -41%? Yes, keep banging on about how these entities which have DESTROYED so much of their suffering shareholders’ funds need to be protected.
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boaz weinstein
boaz weinstein@boazweinstein·
Phew!  Great news for CEF investors: @NYSE & @Cboe FINALLY withdrew their outrageous proposals to eliminate the 100-year-old requirement that CEFs hold annual shareholder meetings.   It would’ve robbed investors of their right to elect trustees and blatantly conflicted with the
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