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.