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/2020/10/potholing-4064307_640.jpg
Liquid Alternatives: Watch Out For These “Potholes” (Goldman Sachs)
October 21, 2020     Liquid Alternatives, News

Theodore Enders, Global Head of Goldman Sachs Asset Management (GSAM) Strategic Advisory Solutions, says that investors are sometimes disillusioned with their investments in alternatives. However, on closer analysis, it turns…

https://dailyalts.com/wp-content/uploads/2020/10/manipulation-4293953_640.jpg
Digital Assets: Sovereign Wealth Funds The Unseen Gorilla In The Bitcoin Room
October 21, 2020     Digital Assets, News

There has been a remarkable change in recent months in the perception of bitcoin as an investible asset. Large, listed companies have parked sizable chunks of their cash reserves in…

https://dailyalts.com/wp-content/uploads/2020/10/old-450742_640.jpg
FinTech: Digitization And Fintechs Make Inroads Into Asia’s Retirement Funds
October 21, 2020     FinTech, News

A report from Cerulli Associates shows that retirement funds in Asia are upping their game in a drive to become more transparent, streamline their administrative processes, and give fund members…

https://dailyalts.com/wp-content/uploads/2020/10/cooking_kitchen_process_restaurant-1610092-pxhere.jpg
Venture Capital: Kalanick, of Uber Fame, Buys $130M of Real Estate For CloudKitchens Startup
October 21, 2020     News, Venture Capital

You could call it providential timing, but Kalanick’s CloudKitchens startup received a huge boost from the Covid-19 pandemic. With restaurants out of business, or temporarily shuttered, shelter in place diners…