Boaz Weinstein Launching Bond-Focused Saba Capital

June 1st, 2009
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Former Deutsche Bank trader Boaz Weinstein is launching a new hedge fund firm called Saba Capital Management LP. According to an article from Bloomberg, the fund is expected to start trading in August with more that $160 million under management.

The New York-based hedge fund manager has hired 15 investment professionals from Mr. Weinstein’s unit at Deutsche Bank, including managing directors George Pan, Paul Andiorio, and Jeremy Benkiewicz.

While at Deutsche Bank, Mr. Weinstein co-headed global credit trading and oversaw approximately $10 billion in capital. 2008 was reportedly Mr. Weinstein’s worst year at the bank, as his unit lost about 18% of its assets. Supposedly, 2008 was his only losing year during his 11 year tenure at the bank.
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For Detailed Investor Profiles on these Investors, click below:
Saba Capital Management LP
Related People: Boaz Weinstein; George Pan; Jeremy Benkiewicz; Paul Andiorio
Related Entities: Saba Capital II; Saba Capital Intermediate Fund LTD; Saba Capital Master Fund; Saba Capital Partners LP; Saba trading unit at Deutsche Bank*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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