Ex-DB Trader Losing 1 bn in 2008 Raises $160M For NY HF

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ASusilovic

Bond trader, Boaz Weinstein has raised around $160 million since April end for his new hedge fund, Bloomberg reports. New York-based Saba Capital Management is planning to begin trading in August.

Saba was the name of the credit unit Weinstein started at Deutsche Bank where he lost over $1 billion in 2008. Weinstein has hired 15 people who worked on the Saba desk at the Frankfurt-based bank for his new firm.

http://www.emii.com/CampaignArticle...rader-Raises-160M-For-NY-HF.aspx?LS=EMS280548

Who are the "thankful" investors ?:) :D :p
 
Quote from ASusilovic:
Weinstein has hired 15 people who worked on the Saba desk at the Frankfurt-based bank for his new firm.
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......idiots of a feather.........:)
 
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