Thursday, 18 December 2014
Last updated 14 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.