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Finance

We have already made UK investors hundreds of millions of pounds through our actions, says Weinstein

Published by Global Banking and Finance Review

Posted on January 14, 2025

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LONDON (Reuters) - Hedge fund manager Boaz Weinstein says that his proposal to unseat fund managers at seven UK investment trusts has already made UK investors millions of pounds through narrower discounts.

"We bought, we bought these funds when people wanted to sell them and have caused the price to go up," said Weinstein in a public presentation on Tuesday to investors ahead of crucial votes on their future management.

(Reporting by Nell Mackenzie, Editing by Sinead Cruise)