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Saba Capital Saga Highlights Thorny Issue of Valuation
As a lawsuit against Boaz Weinstein’s firm illustrates, valuation issues can be tricky to navigate — for both hedge funds and their investors.
By Michelle Celarier Former Deutsche Bank derivatives trader Boaz Weinstein was one of the brightest stars to open a hedge fund following the global financial crisis, with his Saba Capital Management’s assets peaking at $5.78 billion in June 2012. But years of losses dimmed Weinstein’s star, and the biggest investor in his
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