Unlike Most Investors, Boaz Weinstein’s Fund on the Rise Amid Coronavirus (JewishInsider.com) As the stock market plunges amid concerns about the coronavirus and its impact on the global economy, one hedge fund appears to be on the rise – Saba Capital Management, headed by Boaz Weinstein, which made significant gains in recent weeks, according to a letter sent to Saba clients over the weekend. Money talks: Weinstein told clients that Saba, which manages $2.2 billion, had seen its “most profitable week in the firm’s 11-year history and our most profitable year to date.” Through Friday, Saba’s main fund was up 67% and its tail fund was up 175%, while his closed-end funds ETF was down 17%. The hedge fund manager, who launched Saba in 2009, told investors: “I have had the conviction… for a long time that investors needed to be ready for an extreme market decline.”