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July 10, 2019  

Strong Demand for Saba Strategy

The amount of money Saba Capital manages in its closed-end-fund arbitrage program has roughly doubled since the start of the year, and now accounts for about half of the firm’s overall assets.As of July 1, the New York firm was running a little more than $800 million in the strategy, which buys shares of closed-end funds trading at significant discounts to their net asset values. Since December, Saba has raised $350 million of fresh capital for...

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