Boaz Weinstein is a name many CEF investors know. He’s an activist investor who’s targeted CEFs in the past, particularly those he sees as underperforming.
Now, another closed-end fund (CEF) investor is adopting Weinstein’s tactics—and turning them on two of the activist’s own funds. This investor’s goal? Wipe out the discounts to net asset value (NAV, or the value of their underlying portfolios) on these two funds, and in doing so drive their prices higher.
It’s a fascinating story, and one that shows how, in the small world of CEFs, skilled activists sometimes turn their attention to each other.
Let’s back up for a moment.… Read more
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