Boaz Weinstein is raising money for the Saba Capital Tail Risk Fund, Financial News reports. The vehicle, which was launched in November last year to external investors with $160 million, trades options and low-cost credit default swaps.
Weinstein was working at Deutsche Bank as a proprietary trader, before setting up Saba Capital Management. The firm’s first hedge fund, a credit strategy, launched with $160 million in April 2009, has grown to $2.2 billion under management.
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