Saba Capital, the $4.7 billion US-based credit-focused firm set
up by former Deutsche Bank credit derivatives prop trading star
Boaz Weinstein that has been one of the most successful and
fastest-growing new hedge funds in recent years, is setting up
shop in London.
The firm's new UK entity, which was established in June and
is awaiting FSA registration, will commence business in the
first quarter of 2012 and will be headed by Prakash Narayanan -
formerly head of leveraged finance trading at Deutsche.