October Shorts Undo Gains for Crispin Odey’s Hedge Fund (WSJ) Crispin Odey, one of the best-known hedge fund managers in Europe, has seen returns at his flagship €1.8 billion ($2.3 billion) hedge fund fall by more than 10% this year, after fresh losses in October undid the gains of late summer. According to the U.K. […]
Break up Du Pont: Trian Fund (GantDaily) In a letter sent to DuPont’s Board of Directors, Trian Fund Management LP urged that DuPont be split up in order to be more competitive. The hedge fund established by billionaire Nelson Peltz, lauded the recent efforts of the company to shed non-core businesses, but said more needs […]
$$$ Investors Pull Assets from Boaz Weinstein Saba Capital Hedge Fund [WSJ] $$$ 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
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 [...]
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 […]
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
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.