In a couple of filings Boaz Weinstein’s Saba Capital, revealed that it has boosted its stake in Managed High Yield Plus Fund Inc. (NYSE:HYF), Western Asset Managed High Income Fund Inc. (NYSE:MHY) and Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO). Saba Capital initiated a position in these companies in the third quarter of […]
Boaz Weinstein, the high-profile former Deutsche Bank prop trader, and Dan Stern’s $6bn alternatives firm Reservoir Capital, are backing a new credit hedge fund firm led by a one-time protégé of Weinstein.
The organization's annual Wall Street dinner drew a star-studded guest list of financial titans. Boaz Weinstein, 39, the founder of Saba Capital, and Robert S. Kapito, the president of BlackRock, were the main honorees.
By Dividendinvestr: Boaz Weinstein, the founder and Chief Investment Officer of Saba Capital, a $5.7-billion credit relative value hedge fund, is one of the hedge fund managers identified in Ernst & Young and The Hedge Fund Journal's...Show More Summary
HF Manager Buys NYC Pad (HedgeFund) New York City’s Fifth Avenue has a new resident from the hedge fund world. Bloomberg reported that Boaz Weinstein of New York-based hedge fund... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Hedge fund manager Boaz Weinstein, the founder of Saba Capital, has garnered a lot of attention in the last couple of months. That's because Weinstein has been identified as one of the people that got on the other side of JP Morgan's...Show More Summary
By Qineqt: JPMorgan Trading Loss Saba Capital Management founder Boaz Weinstein was the first one to draw attention to outsize bets by a JPMorgan Chase (JPM) trader. It was only then that on May 10, 2012, JPM's CEO first announced a credit derivatives trade loss of $2 billion, and figured that it may surge by at least another $1 billion. Show More Summary
Saba Capital Management’s Boaz Weinstein recently exited a now famous and profitable credit derivative bet against JPMorgan, according to sources familiar with the trade. In May, JPMorgan reported a $2 billion trading loss in its chief...Show More Summary
Boaz Weinstein, the chess-playing hedge fund manager who successfully bet against JPMorgan Chase's London Whale, is moving on to the next big trade. Weinstein made headlines when his hedge fund, Saba Capital, took a long position in a credit derivative called the Markit CDX NA IG Series 9 index, which turned ... More »
Hedge fund manager Boaz Weinstein, the founder of Saba Capital, is said to exit trades against JPMorgan's "London Whale", Bloomberg News reports. Only a headline has crossed, so we'll have more details in a moment. On May 10th, JPMorgan...Show More Summary
Two days ago we made a simple observation: back in September 2011, Weinstein's firm SABA Capital hired one of the key JPMorgan prop traders - Maitland Hudson - who "ran JPMorgan’s proprietary trading of derivatives tied to commercial-mortgage...Show More Summary
As we predicted some time ago, it would be only a matter of time before the story of how one failed prop desk trader, in this case Boaz Weinstein who blew up DB Prop only to be resurrected as the successful head of Saba Capital, took down the London whale Bruno Iksil. Show More Summary
Deals of the Day compiles this morning?s biggest news about mergers and acquisitions, banking, bankruptcy and more.
The New York Times served up another of those paeans to the victorious financial speculators on Sunday. This one glorifies a 38-year old Boaz Weinstein of Saba Capital. He is one of the people who early on recognized that something was going on with the credit default swaps market in the City of London. The NYT wants you to know that they are the winners and you are the losers.
Last November, while working on the 58th floor of the Chrysler Building, 38-year-old hedge funder Boaz Weinstein noticed some mega-waves coming out of London credit derivatives market and rode them all the way to a major profit. Last month we learned the source of the waves: the so-called London Whale ... More »
The Hunch, the Pounce and the Kill How Boaz Weinstein and Hedge Funds Outsmarted JPMorgan By AZAM AHMEDPublished: May 26, 2012BOAZ WEINSTEIN didn’t know it, but he had just hooked the London Whale. It was last November, and Mr. Weinstein, a wunderkind of the New York hedge fund world, had spied something strange across the Atlantic. Show More Summary
``Boaz Weinstein didn't know it, but he had just hooked the London Whale... As the financial world now knows, what was out of whack was JPMorgan Chase & Company. One its traders, Bruno Iksil, the man later nicknamed the London Whale for his outsize trades, was about to blow a multibillion-dollar hole in the mighty House of Morgan.''
The New York Times' Azam Ahmed has written a lengthy feature on credit trader Boaz Weinstein and how he profited from being on the opposite side of JP Morgan's disastrous trades, which cost the bank $2 billion and counting. The article...Show More Summary
Meet the Man Who Took Down JPMorgan Boaz Weinstein is an aggressive trader who once lost $2B, tooBy Mark Russell, Newser StaffPosted May 27, 2012 7:00 AM CDT(Newser) – Credit (or blame) Boaz Weinstein—a 38-year-old hedge fund traderShow More Summary
Credit (or blame) Boaz Weinstein—a 38-year-old hedge fund trader known as a "monster" for his aggressive, risky style—for the $2 billion takedown of JPMorgan, reports the New York Times. Weinstein, a chess master and big-time Las Vegas gambler, isn't talking, but numerous other traders say he is the...