Weinstein’s Saba Management Weathering Storm Well

March 16, 2020 James Heinsman Hedge Fund News

So far, Boaz Weinstein is feeling pretty good about the performance of Saba Capital Management LP. So far his 2020 returns are posting 67% gains. During the first two weeks in March alone the fund rose by a supersonic 33%.

His nicknamed “doomsday fund” better known as Saba’s Tail Fund, designed to score when the market is tanking, did considerably better than Saba Capital, with growth at 99% just in March, and total growth of 175% for the year as a whole.

Weinstein told his investors in a letter that although he was surprised that the impetus for the market’s extreme volatility was a virus, he was always sure that “investors need to be ready for an extreme market decline.”

Saba was founded in 2009 out of Deutsche Bank and is headquartered in New York. The fund manages about $2.2 billion.

Boaz Weinstein,

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