Why Saba is the wake-up call trust boards needed

The shake-up, and wake-up for trust boards caused by Saba Capital's opportunist activities will be positive for retail investors and the sector as a whole in the long term. As Saba hunts down seven boards, there is a mighty big elephant in the room: we have many directors on the boards who are out of their depth, doing nothing more than rubber-stamping reports and acting as each other's committee chairs. Such action is only happening because of the leadership failure across the sector. Those who sit on top with big, expensive CVs as their sole justification for board selection have...