Boaz Weinstein

Boaz Weinstein was Head of Credit Trading at Deutsche Bank, becoming a legend in the CDS market before founding Saba Capital Management. At Deutsche Bank, he built one of the premier credit trading operations on Wall Street. Saba Capital became widely known in 2012 when it positioned against the JPMorgan "London Whale" credit default swap positions, generating significant profits as those positions unwound. More recently, Saba has become known as an activist in the closed-end fund industry, buying large stakes in underperforming closed-end funds and pushing for changes to narrow the discount to NAV. This activism approach in closed-end funds has made Saba one of the most active players in that niche market. Weinstein's ability to identify and monetize structural mispricings — whether in complex credit derivative markets or in the discount-to-NAV inefficiencies of the closed-end fund universe — reflects a consistent intellectual framework for finding situations where market structure creates exploitable opportunities.