Saba Capital Smells Value In The UK While Teaming Up With Ackman For Sculptor Bid

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Rupert Hargreaves
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Boaz Weinstein’s Saba Capital has fallen sharply this year as the hedge fund manager’s bets against equities have failed to produce results. According to the Financial Times, Saba’s flagship fund is down 7.7% in 2023. The flagship fund bets long and short in equity and credit markets, with around $1.3 billion in assets under management. Another fund, managing $1 billion, which is designed to protect against periods of “market stress and dislocation,” has declined 8.1%. Q3 2023 hedge fund letters, conferences and more Saba was one of the world’s best-performing hedge funds in 2020 thanks to Weinstein’s decision in 2019…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk