Boaz Weinstein’s $2bn flagship hedge fund sinks amid buoyant markets
Loss of 6.5% this year for credit strategy extends period of lacklustre performance for Saba Capital
Loss of 6.5% this year for credit strategy extends period of lacklustre performance for Saba Capital

Boaz Weinstein’s investment vehicle launches offer as private credit group is seeking to shore up investor confidence

Offer from Saba Capital to buy shares of private credit fund at 65 cents on the dollar fails to attract sellers

Asset manager drew investors even as performance in private credit and buyout units suffered

Hedge fund seeks stake in fund that sharply limited investor redemptions in 2024 at 20% haircut

Industry racks up largest asset gains on record, benefiting from buyout groups’ difficulty returning cash to clients

A legal fight revealed the disgraced financier’s thinking — and fresh allegations of misconduct