Hedge Funds: Boaz Weinstein’s Saba Capital Up 90%  

https://dailyalts.com/wp-content/uploads/2020/07/boaz.jpeg

Saba Projects Continuing Gains  

Hedge fund industry observers are buzzing of Saba Capital Management’s purported sharp gains, in addition to the firm’s projections of seeing additional returns of this caliber in the months ahead.

Boaz Weinstein, founder of Saba, shares that Markets are at an unstable place right now. I look out at the next five months, and there are lots of known unknowns.” 

Weinstein describes his strategy largely as identifying price dislocations in derivative securities.  These securities are often implemented as a hedge against bond defaults.  

Weinstein historically had mixed success in trading. Although widely credited with helping to establish and transform Deutsche Bank’s derivatives desk, Weinstein sparked a $1 billion setback for DB amid the onset of the Financial Crisis. 

Saba Capital Management has now taken advantage of pricing dislocations when Weinstein eyed cheap credit default swaps.  This includes prices for credit defaults of United Airlines Holdings and McDonald’s Corp.  At the end of 2018, Saba’s total assets under management reached $1.6 billion. Through closed-end fund structures, the firm has also focused on securities that are trading at significant discounts in order to implement a strategy that can monetize these discounts. Industry watchers continue to eye Saba as it charts its path in the New Normal.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/08/10_sound_box_2.0_payment_terminal_storage_optimization-2-800x500-1.jpg
FinTech: India’s PayTM Gets Heat From Proxy Advisory Firm
August 12, 2022     FinTech, News

Proxy advisory firm Institutional Investor Advisory Services India Ltd. (IiAS) has issued a note ahead of PayTM’s (NSE: PAYTM) annual shareholders’ meeting on August 19 calling for the replacement of…

https://dailyalts.com/wp-content/uploads/2022/08/planet-g69e0d7747_640.jpg
Venture Capital: Lockheed’s Venture Arm To Boost Investment In Space Startups
August 12, 2022     News, Venture Capital

Lockheed Martin (NYSE: LMT) and its venture finance arm Lockheed Martin Ventures plans to boost the latter’s investment outlay from $200 million to $400 million.

https://dailyalts.com/wp-content/uploads/2022/08/picpay-lover.jpg
Digital Assets: Brazilian Fintech PicPay Launches Crypto Exchange With Paxos

PicPay, the well-known Brazilian payment app, has got its shoe in the crypto door in partnership with Paxos, a leading regulated blockchain infrastructure company. Picpay is opening crypto trading services…

https://dailyalts.com/wp-content/uploads/2022/08/one-braham-logo-2.jpg
FinTech: Telecom Behemoth BT Adds Barclaycard Payments To Partnership Network For Micro-Businesses
August 12, 2022     FinTech, News

BT (LON: BT.A), the telecom major, announced that Barclaycard Payments had joined its partnership network seeking to help the growth of UK microbusinesses. BT customers with 0-5 employees would get…