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

  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.

    http://www.emii.com/CampaignArticle...rader-Raises-160M-For-NY-HF.aspx?LS=EMS280548

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