Weinstein's Saba Capital bulks up hedge fund talent with hire from Millennium
By Svea Herbst-Bayliss
NEW YORK, Aug 18 (Reuters) - Hedge fund manager Boaz Weinstein, best known for the London whale trade that cost JPMorgan Chase JPM.N billions in losses and more recent efforts to shake up the closed-end fund industry, is hiring two senior partners as his firm, Saba Capital Management, plans to expand into quantitative credit trading.
New York-based Saba, which invests $6 billion on behalf of clients, will reunite with Jeremy Benkiewicz, a co-founder of the firm, early next year, people familiar with the matter said on Monday. It is also making Kieran Goodwin, who has been advising the firm, a partner to lead Saba's move into quantitative credit trading, said the people who are prohibited from discussing personnel decisions publicly.
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