Saba Capital is known both for its high yield credit and its closed-end fund strategies. Lately, it is the Saba's closed-end fund activism that has stirred the most controversy. Saba has $4.2 billion in AUM according to their latest form ADV. Therefore, even in cases where it owns a large percentage of a closed-end fund and launches a high profile activist campaign, the actual position is relatively small from the perspective of the whole firm. Nonetheless, Saba spends a lot of time in court and in boardrooms, trying to get closed-end funds to close their