Saba Capital's flagship hedge fund returned around 70% of last year, putting it in the ranks of the top-performing hedge funds for the year.
Q1 2021 hedge fund letters, conferences and more
Saba, which is managed by US hedge fund star Boaz Weinstein, managed to take advantage of the turbulence that swept the markets in March last year.
Saba’s Capital Tail Fund, a vehicle designed to take advantage of market shocks, recorded gains of 99% in March. Its flagship Capital Master Fund advanced 33%. Amid the market uncertainty of 2020, Saba saw inflows of $1.7 billion.
The firm had been accumulating long positions in safe investment-grade companies while building shorts in high-yield and leveraged investment-grade credits, towards the end of 2019...
