Saturday, 23 August 2014
Last updated 12 hours ago
Jul 14 2014 | 9:18am ET
Boaz Weinstein's Saba Capital Management had a fifth straight losing month in June, shedding 1.3%, as some investors pulled money.
The credit fund has lost 2.9% this year after dropping in the prior two years, according to an investor letter seen by Bloomberg. Saba’s assets went from $3.1 billion to $2.6 billion in May and are down from a peak of $5.5 billion two years ago.
The New York-based hedge fund, led by former Deutsche Bank star tradr Weinstein, fell 6.8% last year, much of it in December, when it lost 4.4%. Saba lost 3.9% in 2012.
Last month, the investment committee of New Mexico’s public employees pension fund voted to pull $43.5 million from Saba.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note