After taking a beating last year, closed-end funds are offering the biggest discount since 2009, luring hedge fund investments.
By Lisa Abramowicz|February 27, 2014 at 11:42 AM
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Hedge-fund firms Saba Capital Management LP and Pine River Capital Management are piling into closed-end debt funds with share prices that plunged below the value of their assets by the most since the credit crisis.
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