Hedge Funds

Saba Capital moves into UK, outsources to Throgmorton


Boaz Weinstein
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.

In addition, the US firm has appointed Throgmorton – one of