Boaz Weinstein’s Saba Capital Management LP is headed for its second losing year in a row, hurt in part by a wager that European equities would rise more than high-yield credit, according to four people with knowledge of the hedge-fund firm.
The biggest swings in credit markets since 2008 are boosting demand for hedge funds that avoid bets on which way the economy is headed.
Boaz Weinstein’s Saba Capital Management LP posted a 6.8 percent decline in its main hedge fund in 2013, marking its second consecutive year of losses, according to a report sent to investors.
"University of Michigan had a great Hillel."
- Boaz Weinstein on May 11, 2012