Saba Capital Management, L.P.

Saba Capital Management, L.P. is a global alternative asset management firm and hedge fund founded in 2009 by Boaz Weinstein. Headquartered in the Chrysler Building in New York City, with an additional office in London, the firm's core mission is to deliver superior risk-adjusted returns by identifying and exploiting market dislocations within credit and equity markets, particularly during volatile periods. Saba Capital is recognized as a pioneer in credit relative value strategies and capital structure arbitrage.

The firm's investment strategies primarily focus on Credit Relative Value, Tail Hedge, and Closed-End Funds. Saba Capital actively purchases closed-end fund securities that trade at significant discounts to their Net Asset Value (NAV) and is known for taking activist positions in these listed funds. It provides portfolio management services for investment companies and pooled investment vehicles, serving a diverse institutional client base including corporate and public pensions, foundations, fund of funds, endowments, and family offices. As of 2025, Saba Capital manages approximately $6 billion in assets.

Led by Founder and Chief Investment Officer Boaz Weinstein, Saba Capital's senior team has a long-standing collaboration, focusing on hedging tail risk and arbitraging dislocations across various capital structures. In recent news, the firm expanded its investment activities in May 2026 into public and private Business Development Companies (BDCs) and interval funds, aiming to provide liquidity and capitalize on NAV dislocations. Saba Capital has also been involved in significant shareholder activism, including blocking a proposed merger between two investment trusts in December 2025 and challenging closed-end funds over control-share provisions, leading to a June 2026 U.S. Supreme Court ruling that Section 47(b) of the Investment Company Act of 1940 does not grant private parties a right to sue for contract rescission. The firm has received accolades such as Activist Hedge Fund Manager of the Year in 2023 and 2024, and Hedge Fund of the Year in 2021 by Risk.