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OPINION: The Saba affair exposes a dangerous blind spot in UK market regulation

Boaz Weinstein
Boaz Weinstein is the founder and CIO of Saba Capital Management, LP. Photo: Taylor Hill/Getty Images

Is the UK’s framework for shareholder democracy fit for purpose in an era of sophisticated activism operating against a largely disengaged retail base?

The unfolding confrontation between Saba Capital and a swathe of London-listed investment trusts should not be dismissed as just another episode of activist investing. It is something more consequential: a stress test of the UK’s market architecture, and one that is revealing a regulatory blind spot at the heart of

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