Taylor Swift showed her financial savvy when she avoided a FTX deal. She puts her money in a niche type of fund, an elite investor says.
"For many reasons, it's hard not to be a Swifty," the founder of Saba Capital Management added.in closed-end funds run by BlackRock and other large asset managers in the past.
These funds raise money to invest by issuing shares, so there's a cap on how many people can invest in them as there are only a limited number of shares available. The fund is considered"discounted" if its shares are trading at a discount to the net value of its assets .
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