Saba Capital Management, L.P.

Saba Capital Management, L.P. is a global alternative asset management firm founded in 2009 by Boaz Weinstein. The firm specializes in credit relative value and capital structure trading strategies, aiming to deliver superior risk-adjusted returns. Saba manages over $6 billion in assets across three core strategies: Credit Relative Value, Tail Hedge, and Closed-End Funds. The firm's investors are predominantly institutions, including corporate pensions, public pensions, foundations, fund of funds, endowments, and family offices. Saba is headquartered in the historic Chrysler Building in New York City and maintains an office in London.

Saba's investment approach combines quantitative models with fundamental and technical analysis to identify market dislocations and generate alpha. The firm's senior members have worked together for over a decade, focusing on hedging tail risk and arbitraging dislocations between bonds, loans, structured credit, and derivatives across capital structures and term structures. Saba has been recognized with multiple industry awards, including the 2024 Activist Hedge Fund Manager of the Year and the 2023 Credit-Focused Hedge Fund Manager of the Year.

In recent years, Saba has been active in the UK investment trust sector, engaging in campaigns to enhance shareholder value. In May 2025, Saba reached a restructuring agreement with CQS Natural Resources Growth & Income, offering investors a cash exit or improved dividends and reduced management fees. In December 2025, Saba blocked a proposed merger between two Baillie Gifford-managed trusts, citing concerns over underperformance and advocating for shareholder interests. These actions reflect Saba's commitment to active management and shareholder advocacy in its investment strategies.