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Blackrock at the Heart of a $4.4bn Fund Attack

The battle for control over several investment products is heating up between hedge-fund manager Boaz Weinstein and BlackRock, a prominent asset manager. Weinstein’s hedge fund, Saba Capital Management, has been acquiring shares in three of BlackRock’s closed-end funds that are trading below their underlying asset value.

BlackRock Offices: The epicenter of a fierce battle as hedge-fund manager challenges control over closed-end funds. Adam Lee/Shutterstock 

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