Ex-DB Trader Losing 1 bn in 2008 Raises $160M For NY HF

Discussion in 'Professional Trading' started by ASusilovic, Jun 2, 2009.

  1. Bond trader, Boaz Weinstein has raised around $160 million since April end for his new hedge fund, Bloomberg reports. New York-based Saba Capital Management is planning to begin trading in August.

    Saba was the name of the credit unit Weinstein started at Deutsche Bank where he lost over $1 billion in 2008. Weinstein has hired 15 people who worked on the Saba desk at the Frankfurt-based bank for his new firm.


    Who are the "thankful" investors ?:) :D :p
  2. There are no "failures", only "comebacks".
  3. ......idiots of a feather.........:)