Ex-Deutsche Bank Trader Weinstein Launches 'Black Swan' Hedge Fund

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...