financetom
Business
financetom
/
Business
/
Weinstein's Saba Capital bulks up hedge fund talent with hire from Millennium
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Weinstein's Saba Capital bulks up hedge fund talent with hire from Millennium
Aug 18, 2025 9:38 AM

NEW YORK, Aug 18 (Reuters) - Hedge fund manager Boaz

Weinstein, best known for the London whale trade that cost

JPMorgan Chase ( JPM ) 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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Southwest Airlines reports surprise Q3 profit on improved pricing
Southwest Airlines reports surprise Q3 profit on improved pricing
Nov 2, 2024
(Reuters) -Southwest Airlines ( LUV ) reported a surprise third-quarter profit on Thursday, benefiting from improved pricing and demand, as well as rebookings from passengers stranded due to the global cyber outage in July. During the U.S. summer travel season, an oversupply of airline seats in the domestic sector compelled airlines to sell seats at lower prices to fill their...
Teck Down 0.4% In US Premarket As Digs Out Q3 Earnings Beat, But Cuts FY Copper Production Forecast
Teck Down 0.4% In US Premarket As Digs Out Q3 Earnings Beat, But Cuts FY Copper Production Forecast
Nov 2, 2024
06:06 AM EDT, 10/24/2024 (MT Newswires) -- Teck Resources ( TECK ) was at last look down 0.4% in US premarket trade on Thursday after earlier reporting Q3 adjusted earnings from operations Wednesday of C$0.60 ($0.43) per diluted share, up from $0.16 a year earlier. Analysts polled by Capital IQ expected $0.38. Revenue for the quarter ended Sept. 30 was...
Update: Market Chatter: Taiwan Semiconductor Manufacturing Suspends Chip Supply to Client
Update: Market Chatter: Taiwan Semiconductor Manufacturing Suspends Chip Supply to Client
Nov 2, 2024
06:41 AM EDT, 10/24/2024 (MT Newswires) -- (Update with company comment in fifth and sixth paragraph) Taiwan Semiconductor Manufacturing ( TSM ) suspended shipments to an undisclosed client after finding a product from China's Huawei contained a chip supplied to that customer, Reuters reported Wednesday, citing a Taiwan official familiar with the situation. The trade and economic official said that...
West Pharmaceutical raises annual profit forecast on demand for medical supplies
West Pharmaceutical raises annual profit forecast on demand for medical supplies
Nov 2, 2024
Oct 24 (Reuters) - West Pharmaceutical Services ( WST ) raised its annual profit forecast on Thursday, after beating Wall Street estimates for quarterly revenue and profit, banking on rising demand for cartridges and syringes used to manufacture injectable therapies. The company now expects 2024 profit in the range of $6.55 to $6.75 per share, compared with its previous profit...
Copyright 2023-2026 - www.financetom.com All Rights Reserved