Saba Capital Taps Throgmorton To Service New UK Office

Nov 14 2011 | 7:28am ET

Saba Capital Management, the $4.7 billion hedge fund set-up by pioneering credit derivatives trader Boaz Weinstein, has hired Throgmorton to provide back-office services for its new UK operations. Saba Capital’s UK office is currently awaiting FSA registration and should begin business in Q1 2012.
 
Throgmorton, one of the UK’s largest independent back office service providers to the hedge fund, private equity and corporate finance industries, will supply Saba Capital’s UK companies with accounting, VAT, company secretarial, human resources and health and safety services.
 
The Saba Capital UK branch has been launched as a research centre and sub advisor to the U.S. limited partnership, and will be headed by former Deutsche Bank head of leveraged finance trading, Prakash Narayanan.
 
Weinstein worked at Deutsche Bank from 1998 to 2009, at which point he left to launch Saba Capital, taking 11 members of his trading team with him.
 


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note