ASA Gold appoints Paul Kazarian as president and CEO, forms internal investment committee
ASA Gold and Precious Metals Limited named Paul Kazarian as President and Principal Executive Officer, and Axel Merk and Peter Maletis no longer serve as officers. The Board also set up an investment committee to manage the portfolio internally while a Special Committee evaluates external management arrangements, and retained Saba Capital Management, L.P. for support services without compensation. The changes alter who runs the fund and how it is managed in the interim, which matters to shareholders while external management is still under review.
Key points
- Paul Kazarian appointed President and Principal Executive Officer; Axel Merk and Peter Maletis no longer serve as officers
- Investment Committee comprises Paul Kazarian (chair), Ketu Desai and Neal Neilinger, and manages the portfolio until an external investment manager is retained
- Saba Capital Management, L.P. retained for administrative, compliance and trade execution support; not entitled to compensation, but reimbursed for out-of-pocket costs
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 25, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.