Hedge Fund Saba Targets Philanthropic Hearts & Minds, Sparks Potential Activism in ...

Summary

Boaz Weinstein's Saba hedge fund acquires a stake in Hearts & Minds, a philanthropic investment fund donating management fees to medical research. Hearts & Minds faces criticism for underperformance, leading to a strategic portfolio reassessment amid market challenges. Saba's history of activism suggests potential future influence on the fund's management and charitable goals.