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 ?
There are no "failures", only "comebacks".