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$$$ Investors Pull Assets from Boaz Weinstein Saba Capital Hedge Fund [WSJ] $$$ What’s next for CYNK traders and promoters? [CNBC] $$$ Since its June 25 release, Kim Kardashian: Hollywood has risen as high as second among most-downloaded free-to-play games at Apple Inc. Show More Summary

Funds Roundup: Pension Showboating in Jersey; the World’s Worst Pitchbook

A linkfest of the best reading in fund investing: How to craft the world’s worst pitchbook. — Josh Friedlander, Absolute Return Investors pull nearly 20% of their money from Boaz Weinstein’s main fund. — Rob Copeland, Wall Street Journal The mess in Puerto Rico drives the biggest week of muni-fund outflows since January. — Hilary [...]

Hedge Fund News: Warren Buffett, Boaz Weinstein & Two Sigma Advisors

Why Buffett is betting on energy stocks again (Yahoo) Warren Buffett has been a big believer in and buyer of U.S. energy-indirectly. When it comes to direct investments in energy stocks, though, Buffett-famous for using an elephant-gun analogy to describe his hunt for acquisitions-has been notably gun-shy. Some recent bets on big oil and gas […]

Boaz Weinstein Is Having Another Losing Year

Saba Capital, the hedge fund run by legendary credit trader Boaz Weinstein, is on track for another down year so far. The fund is down 2.9% through the end of June, Bloomberg News reports citing an investor letter. According to the report, Saba's assets under management have fallen to $2.6 billion due to redemptions. Show More Summary

Saba Capital Significantly Boosts Its Stakes in Managed High Yield Plus Fund Inc. (HYF) and Two Other Funds

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 and Reservoir Capital Back ex-Deutsche Bank Trader’s New Fund

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.

Wall Street Titans Toast Philanthropy at UJA-Federation Dinner

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.

Tomorrow's Titans 2012: Boaz Weinstein's 4 Dividend Stocks

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

Hedge Fund News: Boaz Weinstein, Russell Wasendorf, Twitter

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! ]]

The Fabulous Life And Career Of Legendary Trader Boaz Weinstein

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

JPMorgan's Woes Continue, But The Worst Is Priced In

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

Boaz Weinstein Finished Having His Way With Big Fish

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 Is Hanging Up His Harpoon

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 »

REPORT: Boaz Weinstein Is Said To Exit The Trade That Crushed JPMorgan

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

About That Boaz Weinstein London Whale Bulls-Eye

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

Did One Of Jamie Dimon's Closest Traders Betray Him And Cost The Firm Billions In Losses?

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: How Boaz Weinstein Hooked the London Whale

Deals of the Day compiles this morning?s biggest news about mergers and acquisitions, banking, bankruptcy and more.

Glorious Warrior Traders

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.

Meet the Man on the Other Side of JPMorgan's $2 Billion Bad Trade

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 wunderkind chess master who outsmarted JPMorgan

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

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