Thursday, 18 September 2014
Last updated 15 hours ago
Jan 28 2011 | 12:07pm ET
Saba Capital Management, the hedge fund founded by former Deutsche Bank proprietary trader Boaz Weinstein, has launched its second fund.
Like its predecessor, the Saba Capital Tail Risk Fund will bank on so-called "black swans," or extreme but difficult to predict events. The new fund, which opened to outside investors in November, debuted with $160 million.
The Tail Risk fund will invest in options and low-cost credit-default swaps, Financial News reports. Saba's earlier fund, which manages more than $2 billion, invests in credit vehicles and was up 10.84% last year.
Saba has recently begun marketing the new fund in earnest, with Weinstein himself hitting the road to pitch it to potential investors.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.