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Top related persons:
Weinstein - 4 Boaz Weinstein - 3 Boaz Weinstein's - 2 Saba - 1 doesn't - 1 Boaz Weinstein — hasn't - 1 — - 1 Richard Brian Acquire - 1
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New York Saba BlackRock Weinstein's Saba Boaz Weinstein's Saba Saba Capital Las Vegas , Nevada U.S
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Saba Capital Management - 2 Bloomberg - 2 Financial Times - 2 Federal Reserve - 2 JPMorgan Chase's - 1 Weinstein's - 1 CNBC - 1 BlackRock - 1

Search resuls for: "Weinstein's Saba"


5 mentions found


☆ Activist Boaz Weinstein says BlackRock funds are 'crushing shareholder rights'
  + stars: | 2024-05-17 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +2 min
Boaz Weinstein, the hedge fund investor on the winning side of JPMorgan Chase's $6.2 billion, "London Whale" trading loss in 2011, is now taking on index fund giant BlackRock . The hedge fund wants board control at three BlackRock funds and a minority slate at seven others. BlackRock, Saba says in the deck, "considers itself a leader in governance, but is crushing shareholder rights." At certain BlackRock funds, for example, if an investor doesn't submit their vote in a shareholder meeting, their shares will automatically go to support BlackRock. The index fund manager's rebuttal, "Defend Your Fund," describes Saba as an activist hedge fund seeking to "enrich itself."
Persons: Boaz Weinstein, Saba, Weinstein, doesn't Organizations: Saba Capital Management, Bloomberg, JPMorgan Chase's, Weinstein's, CNBC, BlackRock, affirmatively Locations: New York, BlackRock, Weinstein's Saba, Saba
☆ Saba Capital's 2023 woes continue. Two of its funds are down more than 10% this year.
  + stars: | 2023-11-17 | by ( Bradley Saacks | ) www.businessinsider.com   time to read: +1 min
The two biggest funds at Boaz Weinstein's Saba Capital are down by more than 10% this year. According to HSBC's weekly report, the flagship fund has lost close to 12%. Weinstein came into 2023 bearish about the economy, which has been resilient despite rising rates. Saba Capital — the $4.8 billion hedge fund manager run by Boaz Weinstein — hasn't had the best year. Two of its funds — the flagship and a more hedged version — are down 11.9% and 10.6%, respectively, through November 10, according to the latest edition of HSBC's Hedge Weekly.
Persons: Boaz Weinstein's, Weinstein, Boaz Weinstein — hasn't, — Organizations: Saba, HSBC's, Financial Times, Federal Reserve, Business Locations: Boaz Weinstein's Saba, Saba Capital, New York
☆ Weinstein group revises Sculptor bid after board's concerns -Bloomberg News
  + stars: | 2023-09-07 | by ( ) www.reuters.com   time to read: +1 min
Boaz Weinstein, founder and chief investment officer at Saba Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 17, 2017. REUTERS/Richard Brian Acquire Licensing RightsSept 6 (Reuters) - Wall Street investor Boaz Weinstein and his group of bidders have revised their offer to buy hedge fund firm Sculptor Capital Management (SCU.N), Bloomberg News reported on Wednesday, citing people familiar with the matter. The group, called Bidder J, which includes Bill Ackman, Marc Lasry and Jeff Yass, as well as Weinstein, made the offer for Sculptor last month. Sculptor Capital Management and Weinstein's Saba Capital Management didn't immediately respond to Reuters requests for comment on Wednesday. Sculptor chose to stay with Rithm's $11.15 per share bid, saying the Bidder J offer had "significantly less certainty of closing."
Persons: Boaz Weinstein, Richard Brian Acquire, Bill Ackman, Marc Lasry, Jeff Yass, Weinstein, Dan Och, Rishabh, Sandra Maler, Leslie Adler Organizations: Saba Capital Management, REUTERS, Wall, Capital Management, Bloomberg, Sculptor Capital Management, Weinstein's Saba Capital Management, Rithm, Thomson Locations: Las Vegas , Nevada, U.S, New York, Bengaluru
☆ Bearish investor Boaz Weinstein is feeling the pain from this year's unexpected stock rally
  + stars: | 2023-08-10 | by ( George Glover | ) www.businessinsider.com   time to read: +2 min
Boaz Weinstein has been tagged by this year's stock-market rally, according to the Financial Times. Saba Capital's flagship $1.3 billion fund is down 8% year-to-date, the publication reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. [Quantitative tightening] is going to be a real headwind for investors," Weinstein told the FT back in October. Contrary to Weinstein's gloomy forecast, US stock valuations have soared in 2023, powered higher by the rise of AI and rapidly cooling inflation.
Persons: Boaz Weinstein, Boaz Weinstein's, Weinstein, That's, Morgan Stanley's, Mike Wilson Organizations: Financial Times, Saba Capital's, Service, Federal Reserve, Nasdaq, Dow Jones, Saba Capital Locations: Saba, Wall, Silicon, Boaz Weinstein's Saba Capital
☆ Boaz Weinstein's trade looks set to flourish on Credit Suisse demise
  + stars: | 2023-03-20 | by ( Nell Mackenzie | ) www.reuters.com   time to read: +3 min
[1/2] Boaz Weinstein, founder and chief investment officer at Saba Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 17, 2017. REUTERS/Richard BrianLONDON, March 20 (Reuters) - Hedge fund manager Boaz Weinstein pinned hopes on Credit Suisse's survival, but also money on its demise. At the time Weinstein told Reuters he thought the derivatives were mis-priced because he believed Credit Suisse's problems would be resolved, either way, more quickly. As the trade is both long and short, Weinstein stands to profit from the short leg of his trade much more than he will lose from the long side. Weinstein led a proprietary trading fund at Deutsche Bank which was spun out to start Saba Capital Management in 2009.
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