You can view more information on Saba Capital Management including private fund info, contact info, top management and executives, website, email addresses, and more below: This website uses cookies to improve your experience. The tail-risk funds come in two varieties: the original and a “carry neutral” version. The CBOE Eurekahedge Tail Risk Hedge Fund … The firm last filed a Form D notice of exempt offering of securities on 2020-02-06. "The tender will benefit both the Fund’s tendering and non-tendering shareholders, ... Tail Hedge and Closed-End Funds. 3 percent of the fund is owned by fund of funds. Saba currently manages three core strategies: Credit Relative Value, Tail Hedge, and Closed-End Funds. Saba’s investors are predominately institutions and include corporate pensions, public pensions, foundations, fund of funds, endowments, and family offices. Management owns just 3 percent of the fund. SABA Capital Offshore Fund Ltd. (70.73%) SABA Capital was launched in 2009. SABA CAPITAL TAIL HEDGE MASTER FUND, LTD. is a legal entity registered with LEI implemented by Global Legal Entity Identifier Foundation (GLEIF). His master fund is up 66.93% YTD, according to a letter to investors reviewed by ValueWalk. The Legal Entity Identifier (LEI) is 2032P8OQUL1JXKNCF863. ... Credit Relative Value, Tail Hedge and Closed-End Funds. The Saba Tail Hedge Fund will benefit from pe-riods of significant market stress and dislocation. Saba’s Capital Tail Fund, a vehicle designed to take advantage of market shocks, recorded gains of 99% in March. The filing was for a pooled investment fund: hedge fund The notice included securities offered of Pooled Investment Fund Interests Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. Saba employs a rigorous investment process by combining quantitative models with in-depth fundamental and technical analysis. By offering protec-tion against these events, tail hedging is … 5 Day Net Flows: 0 1 Month Net Flows: 1.03 M 3 Month Net Flows: 5.01 M 6 Month Net Flows: 6.96 M 1 Year Net Flows: 9.72 M 3 Year Net Flows: 39.78 M 5 Year Net Flows: 60.57 M 10 Year Net Flows: 60.57 M They hold $3.9 billion in assets under management as of April 3, 2017. The address is 58th Floor, 405 Lexington Avenue, New York, New York, 10174, United States The current minimum investment for Saba Capital Tail Hedge Master Fund, Ltd. is $5000000. We'll assume you're ok with this, but you can opt-out if you wish. The Legal Entity Identifier (LEI) is 2032P8OQUL1JXKNCF863. Derivatives may be more sensitive to changes in market conditions, amplifying risks. Overview Saba Capital Management, L.P. is a hedge fund based in New York, NY. Boaz Weinstein’s main fund tacked on another gain in April to follow an exceptional first quarter. High-yield bonds have a higher risk of default or other adverse credit events, but have the potential to pay higher earnings over investment grade bonds. Saba currently manages three core strategies: Credit Relative Value, Tail Hedge, and Closed-End Funds. Management owns just 3 percent of the fund. It is a spin-out of one of the biggest proprietary groups in the industry, called Saba Principal Strategies, which was founded in 1998 by Boaz Weinstein at Deutsche Bank. Saba Capital Tail Hedge Partners is based out of New York. CEFS Fund Flows New View charts featuring ETF fund flow data. Prior to Saba, Mr. Riera was a Portfolio Manager at Bluefin Trading, where he managed their cross-asset arbitrage strategy. Tail hedging involves establishing positions which payoff when rare, but highly damaging events occur in the financial markets. Saba is 100% self-owned. A liquid market may not exist for options held by the Fund. Saba is a registered investment advisor focused on credit and equity relative value strategies Differentiated Investment Philosophy Established Technology and Infrastructure Boaz Weinstein's Saba Capital Tail Fund is up 99.17% MTD and 175.10% YTD (not a typo)! Saba Capital Tail Hedge Offshore Fund, Ltd. is based out of George Town, Grand Cayman. The Fund will repurchase shares tendered and accepted in the tender offer in exchange for cash. While the Fund receives premiums for writing the call options, the price it realizes from the exercise of an option could be substantially below a stock's current market price. Foreside Funds Services, LLC serves as the distributor. Prior to Saba, Mr. Riera was a Portfolio Manager at Bluefin Trading, where he managed their cross-asset arbitrage strategy. It seems his investors are also making some nice profits. Its Tail Fund gained more than 175% through March 13; other Saba funds gained between 53% and 67%, according to a client letter reviewed by Reuters. Administrator(s): Globeop Financial Services LLC, , Rank: 3623 out of 30967 registered private funds, Rank: 3415 out of 30967 registered private funds, Rank: 12598 out of 30967 registered private funds. It seems his investors are also making some nice profits. The Saba Capital Tail Risk Fund launched to external investors in November with $160m and Weinstein is hitting the fundraising trail to grow assets, according to a person familiar with the situation. The Fund may engage in writing covered call options, which may limit its opportunity to profit from an increase in the price of the underlying stock above the exercise price, but continues to bear the risk of a decline in the stock. The filing was for a pooled investment fund: hedge fund The notice included securities offered of Pooled Investment Fund Interests Tail Hedge seeks to provide a cost effective portfolio hedge with potentially strong absolute returns during periods of market stress and dislocation. Saba Capital Tail Hedge Offshore Fund, Ltd. is based out of George Town, Grand Cayman. Because the Fund is a “fund of funds,” its investment performance largely depends on the investment performance of the Underlying Funds in which it invests, and the Fund is subject to the risks associated with the Underlying Funds. Fund Manager: Saba Capital Management, L.P. (Crd# 154362), Private Funds Managed by Saba Capital Management, L.P. (8): Saba Capital Tail Hedge Master Fund Ltd, Saba Capital Cef Opportunities 1 Ltd , Saba Capital Cef Opportunities 2 Ltd , Saba Capital Index Trading Lp , Saba Capital Leveraged Master Fund Ltd , Saba Capital Master Fund Ii Ltd , Saba Capital Master Fund Ltd , Saba Capital Series Llc Series 1. The firm last filed a Form D notice of exempt offering of securities on 2020-02-06. Investors should read it carefully before investing or sending money. Saba Capital Tail Hedge Master Fund, Ltd. is a hedge fund operated by Saba Capital Management, L.P. and has approximately $461.2 million in assets. Launched in 2009, Saba currently manages assets across three core strategies: Credit Relative Value, Tail Hedge, and Closed-End Funds. They operate 8 private funds and have approximately $3.86 billion in total assets under management (AUM). The current minimum investment for Saba Capital Master Fund, Ltd. is $5000000. By Friday, Weinstein had produced the best returns in $2.7 billion Saba Capital Management LP's history. Partner of Saba. Saba is among a small group of firms that have scored major returns for clients in recent weeks through so-called tail risk products. Saba has raised about $1.25 billion of new money since March and now manages $3.3 billion, evenly split among the flagship, a strategy offering The higher risk of default, or the inability of the creditor to repay its debt, is the primary reason for the higher interest rates on high -yield bonds. The firm last filed a Form D notice of exempt offering of securities on 2012-10-05. By using proprietary tools and active portfolio management Saba aims to generate alpha relative to tail hedges that rely more heavily on passive index strategies. Many studies show that equity market returns do not follow a normal distribution, ... HFRI Fund Weighted 0.60 HFRI Fund Weighted 0.71 HFRI Fund … Broker-Dealer(s): BNP Paribas Prime Brokerage, Inc., . Launched in 2009, Saba currently manages assets across three core strategies: Credit Relative Value, Tail … A European investor recently committed about $100 million for Saba’s separate tail-risk hedge fund, which aims to gain during periods of elevated market … Xavier Riera joined Saba in September 2012 and is a portfolio manager who focuses on the Capital Structure Arbitrage strategy as well as the Tail Hedge strategy. Saba’s investors are predominately institutions and include corporate pensions, public pensions, foundations, fund of funds, endowments, and family offices. Tail risk represents the loss at the most negative part of an asset or portfolio’s return distribution, or the left tail. A second offering that was designed specifically to benefit from steep market selloffs, the Saba Capital Tail Fund, was up an astounding 99%. Credit Firm Saba Launches Long-Short Tail-Hedging Fund The hedge fund firm believes it can deliver downside protection in a carry-neutral format by … Saba is among a small group of firms that have scored major returns for clients in recent weeks through so-called tail risk products. It was founded in 08/2010. Saba is 100% self-owned. By Friday, Weinstein had produced the best returns in $2.7 billion Saba Capital Management LP's history. Saba Capital Tail Hedge Ireland Fund PLC is based out of Dublin 1. Even a third, hedged Saba strategy that seeks to profit from arbitrage in the closed-end fund market lost only 1.5%, while the S&P 500 tumbled more than 7%. Boaz Weinstein’s struggling Saba Capital Management lost about two-thirds of the assets in its main fund over the past year amid its worst stretch of annual performance yet. Saba Capital Management, L.P. is an Investment Adviser based in New York. I know Boaz and agree entirely with this: His master fund is up 66.93% YTD, according to a letter to investors reviewed by ValueWalk. Saba Capital Management is a hedge fund with 31 clients and discretionary assets under management (AUM) of $3,384,301,118 (Form ADV from 2020-11-25). Saba’s flagship fund participates in all three. The firm last filed a Form D notice of exempt offering of securities on 2020-02-06. SABA CAPITAL TAIL HEDGE MASTER FUND, LTD. is a legal entity registered with LEI implemented by Global Legal Entity Identifier Foundation (GLEIF). The filing was for a pooled investment fund: hedge fund The notice included securities offered of Pooled Investment Fund … Saba Capital Tail Hedge Master Fund, Ltd. is a hedge fund operated by Saba Capital Management, L.P. and has approximately $461.2 million in assets. Launched in 2009, Saba currently manages assets across three core strategies: Credit Relative Value, Tail Hedge, and Closed-End Funds. ©2020 SABA CAPITAL MANAGEMENT, L.P . Closed-End Funds (“CEFs”) focuses on securities that are trading at significant discounts to NAV, thereby offering more yield than their underlying fixed income instruments – predominately high yield bonds and loans. Boaz writes: We have seen enormous interest in our funds of late, having already raised over $500mm YTD. Saba Tail Hedge Fund The Saba Tail Hedge Fund will benefit from pe-riods of significant market stress and dislocation. Saba Capital Management is a hedge fund company based in New York, NY. Launched in 2009, Saba currently manages assets across three core strategies: Credit Relative Value, Tail Hedge, and Closed-End Funds. Amid the market uncertainty of 2020, Saba saw inflows of $1.7 billion. Boaz Weinstein’s main fund tacked on another gain in April to follow an exceptional first quarter. Investing involves risk, including possible loss of principal. The current minimum investment for Saba Capital Tail Hedge Master Fund, Ltd. is $5000000. Exchange Traded Concepts, LLC serves as the investment advisor. Boaz writes: We have seen enormous interest in our funds of late, having already raised over $500mm YTD. 3 percent of the fund is owned by fund of funds. Saba Capital Master Fund, Ltd. is a hedge fund operated by Saba Capital Management, L.P. and has approximately $347.2 million in assets. Leverage may increase the risk of loss and cause fluctuations in the market value of the Fund's portfolio to have disproportionately large effects or cause the NAV of the Fund generally to decline faster than it would otherwise. 405 LEXINGTON AVENUE58TH FLOORNEW YORK, NY 10174, Distributed by Foreside Fund Services, LLC. The CEF funds come in both hedged and long-only varieties. Their last reported 13F filing for Q4 2020 included $2,441,013,000 in managed 13F securities and a top 10 holdings concentration of 53.19%. Investments in foreign securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Its flagship Capital Master Fund advanced 33%. All rights reserved. This and additional information can be found in the Fund's prospectus, which may be obtained by visiting www.sabaETF.com. Powered by Exchang Traded Concepts. Saba Capital Management, L.P. (Crd# 154362), Blue Sky Digital Outdoor Advertising Fund – Fund Data, Sarasin Ie Global Equity Opportunities (Usd) – Fund Data, Themelios Ventures Ii-A, L.P. – Fund Data. Boaz Weinstein's Saba Capital Tail Fund is up 99.17% MTD and 175.10% YTD (not a typo)! Saba’s Tail Fund, which promises doomsday market insurance through bets that perform when markets spiral, did even better: a 99% rise in March … Saba Capital Management’s main fund, which manages about $1 billion, dropped 7 percent in the first 11 months of 2017 after being one of the top hedge fund … The filing was for a pooled investment fund: hedge fund The notice included securities offered of Pooled Investment Fund Interests Diversification may not protect against market risk. By offering protec-tion against these events, tail hedging is beneficial Tail hedging involves establishing positions which payoff when rare, but highly damaging events occur in the financial markets. Saba’s tail fund is one of a handful of portfolios that plays off of the definition of tail risk, which describes times when bigger shocks than normal occur. 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