Boaz Weinstein Kills it in May . . .

May was the worst month for hedge funds since October 2008. The HFRX Global Hedge Fund Index lost 2.6 percent. Don’t tell that to Boaz Weinstein. Yeah, he might have lost $1 billion at Deutsche Bank, but that’s old news. Boaz’s Saba Capital (Hebrew for grandfather) bucked the trend in May, up 1.6 percent for the month and 5.8 percent for the year.
Author:
Updated:
Original:

May was the worst month for hedge funds since October 2008. The HFRX Global Hedge Fund Index lost 2.6 percent and Louis Moore Bacon got hammered. Not Boaz Weinstein. Yeah, he might have lost $1 billion at Deutsche Bank, but that’s old news. Boaz’s Saba Capital (Hebrew for grandfather) bucked the trend in May, up 1.6 percent for the month and 5.8 percent for the year.

Here’s some other winners and losers from May:

  • RIEF B: (4.46%)
  • Moore Global: (9.15%)
  • Tudor: (2.26%)
  • Fortress Drawbridge: (1.31%)
  • Millennium: (1.31%)
  • Pershing Square: (2.20%)
  • York: (4.80%)
  • Caxton Global: (0.01%)
  • Saba Capital: 1.60%
  • Greenlight: 0.30%
  • Landsdowne Global: (5.56%)
  • Cobalt Offshore: (2.76%)
  • Viking Global: (3.20%)
  • Shumway Capital: (4.72%)
  • Odey European: (10.96%)
  • Blue Mountain: (1.50%)
  • Perry: (1.11%)
  • Owl Creek: (2.80%)
  • Marathon: (3.46%)
  • QVT: (1.64%)
  • Paulson Advantage: (4.90%)
  • Paulson Credit Opps: (4.20%)
  • CQS U.K. Long-Short: 1.35%
  • Sancus Capital: 0.02%

Weinstein Profits From Bond Distress as Paulson Loses [Bloomberg]

Related