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In Market Turmoil, Boaz Weinstein’s Saba Finds Opportunity

The hedge fund manager has been exploiting widening discounts in closed-end mutual funds.

Bear markets can mean big opportunities. Saba Capital Management founder Boaz Weinstein is among those finding choice prospects in the obscure domain of closed-end funds.  The reason: discounts on the funds have been widening since the summer and recently hit magnitudes not seen in a decade. “I think this is a really

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