Masters in Business

Boaz Weinstein on Credit Investments

May 13, 2022

Boaz Weinstein, founder and CIO of Saba Capital Management, dives into his transition from card games and chess to dominating Wall Street's credit market. He shares insights on successful trading strategies pre-financial crisis and the lessons learned from navigating volatility during events like Lehman Brothers' collapse. Weinstein also discusses the intricacies of risk management, including tail hedging, and reflects on personal anecdotes and mentorships that shaped his career in finance. His thoughtful perspective combines humor with hard-earned wisdom.

01:24:56

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Episode guests

Boaz Weinstein

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Episode notes

Intro

3min

From Chess to Wall Street

11min

Trading Strategies and Consistent Profitability in Pre-Crisis Markets

3min

Navigating Volatility and Investment Strategies

20min

Navigating the Financial Turmoil: A Shift from Banking to Investment

2min

Examining Lehman Brothers' Risks and the Fed's Decisions

3min

Navigating the Financial Crisis: Lessons from Lehman to the London Whale

22min

Investment Strategies and Risk Management Insights

2min

Navigating Investment Volatility

14min

10.

Nostalgia and Career Reflections

10min

11.

Engagement and Support: Connecting Listeners to Resources

3min

Bloomberg Radio host Barry Ritholtz speaks with Boaz Weinstein, who is founder and chief investment officer of Saba Capital Management. Prior to launching Saba as an independent firm in 2009, Weinstein was co-head of global credit trading at Deutsche Bank, where he founded Saba Principal Strategies as a proprietary trading group in 1998. Weinstein first came to public notice as the fund manager on the other side of the derivatives trade from the London Whale, which ultimately cost JPMorgan Chase & Co. losses of at least $6.2 billion in 2012.

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