Saba Capital
Saba Capital Management, L.P. is an investment adviser founded in 2009 and headquartered in the Chrysler Building in New York, specializing in credit and equity relative value strategies.
Company History
Saba Capital Management, L.P. was launched in 2009 as a spin-out of 'Saba Principal Strategies', which was founded by Boaz Weinstein at Deutsche Bank in 1998. The firm is headquartered in the historic Chrysler Building in New York. Saba Capital has grown into a self-owned entity registered with the SEC and CFTC.
Headquarters
Saba Capital Management is based in the historic Chrysler Building, located at 405 Lexington Avenue, 58th Floor, New York, NY 10174. The Chrysler Building is an iconic landmark, adding prestige to Saba Capital's headquarters.
Investment Strategies
Saba Capital Management deploys four core strategies: Credit Relative Value, Tail Hedge, SPACs, and Closed-End Funds. The Credit Relative Value strategy uses a market-neutral, long/short approach to identify dislocations across the capital structure. The Tail Hedge strategy aims to offer a cost-effective hedge with potential substantial returns during market stress. The Closed-End Funds strategy targets securities trading at discounts to their net asset value, offering higher yields than their underlying fixed income instruments. The SPACs strategy leverages the team's extensive experience for a relative value approach to SPAC investments.
Clientele
Saba Capital Management's diverse client base includes corporate pensions, public pensions, foundations, funds of funds, endowments, and family offices. This broad spectrum of investors reflects the firm's wide appeal and trusted reputation in the investment community.
Key Personnel
Boaz Weinstein is a notable figure at Saba Capital Management, having founded 'Saba Principal Strategies' at Deutsche Bank in 1998 before launching Saba Capital Management in 2009. His leadership is integral to the firm's strategic direction and success.