Boaz Weinstein Bio | Wiki
Boaz Weinstein is a popular American hedge fund manager and founder of Saba Capital Management. Before, Boaz worked as a managing director at Deutsche Bank in the early and mid-2000s with his credit default swap and capital structure arbitrage trading strategies. Later on, Boaz created a proprietary trading group within Deutsche Bank.
Following leaving the bank in 2009, he started Saba Capital Management as a separate hedge fund. By October 2020, Saba manages $3.3 billion in assets. He was among the first to identify and publicize a trading opportunity that became afterward nicknamed the “London Whale”, when a trader at JPMorgan made a number of trades that exposed the firm to about $6.2 billion in losses. The trades in turn netted many hedge funds such as Boaz’s hundreds of millions dollars after they took an opposing position in the credit default swap market.
Boaz Weinstein Age
Boaz was born in 1973, in New York City, New York, in the United States. He is 50 years old.
Boaz Weinstein Height
He is a man of above-average stature. Boaz stands at a height of 5 ft 9 in (Approx 1.75 m).
Boaz Weinstein Family | Sister
He was born in New York City, New York, to his parents. Boaz is the son of Giselle and Stanford Weinstein and grew up in the Upper West Side. Boaz’s father owned an insurance brokerage while his mother, who had immigrated from Israel, was a translator. Boaz has an older sister named Ilana. He holds an American nationality.
Boaz Weinstein Wife
Boaz is married to his wife Tali Farhadian an attorney, professor, and politician. The pair married in 2010 in Manhattan. Boaz and his wife Tali have three daughters. His wife is a retired federal and state prosecutor and was a candidate in the 2021 New York County District Attorney race.
Boaz Weinstein Education
He went to the University of Michigan and graduated in 1995 earning a degree in philosophy.
Boaz Weinstein Saba Capital
He works as the founder and Chief Investment Officer of Saba Capital Management. Boaz created Saba in 2009 as a lift-out of Saba Principal Strategies. During his time at Saba, Boaz leads a team of 30 professionals, with the senior investment team has worked together for fifteen years.
Before founding Saba, Boaz was Co-Head of Global Credit Trading at Deutsche Bank. During that role, Boaz was responsible for overseeing a group of approximately 650 professionals and was a member of the Global Markets Executive Committee. Over his career at Deutsche Bank, Boaz had dual responsibility for proprietary trading and market making.
In proprietary trading, Boaz created Saba Principal Strategies to specialize in credit and capital structure investing. Being a market-maker, Boaz focused on credit default swaps, investment-grade bonds, as well as high yield bonds. He served at Deutsche Bank for eleven years, the last eight as Managing Director, a title he received at age 27.
Boaz Weinstein Deutsche Bank
He joined Deutsche Bank in January 1998, after many traders who moved over to the firm. Boaz became the only person at the bank trading credit default swaps (CDS), insurance policies that payout when borrowers default. Deutsche Bank became interested in expanding its operations in the CDS market having just acquired Bankers Trust, the firm that created credit default swaps in the early 1990s. In 2001, at the age of 27, Boaz was promoted to become one of the youngest managing directors in Deutsche Bank’s history. Following leaving the bank in 2009, Boaz started Saba Capital Management as a separate hedge fund.
Boaz Weinstein Net Worth
He gets his wealth from his work as a hedge fund manager and founder of Saba Capital Management. Therefore, Boaz has accumulated a decent fortune over the years. Boaz’s estimated net worth is $3.3 billion.
Is Boaz Weinstein Married
Yes. Boaz married his wife Tali Farhadian an attorney, professor, and politician. The pair married in 2010 in Manhattan. Boaz and his wife Tali have three daughters. His wife is a retired federal and state prosecutor and was a candidate in the 2021 New York County District Attorney race.
Who Is Boaz Weinstein
Boaz Weinstein is a popular American hedge fund manager and founder of Saba Capital Management. Before, Boaz worked as a managing director at Deutsche Bank in the early and mid-2000s with his credit default swap and capital structure arbitrage trading strategies. Later on, Boaz created a proprietary trading group within Deutsche Bank.
Boaz Weinstein Social Media Handles
Twitter – @boazweinstein
Instagram – boazrweinstein