Boaz Weinstein is the Founder and Chief Investment Officer of Saba Capital Management, a $5.3 billion(1) hedge fund focused on credit relative value strategies, based in New York City. Mr. Weinstein founded Saba in 2009 as a lift-out of the Deutsche Bank proprietary credit trading group he started in 1998. At Saba, Mr. Weinstein leads a team of 55 professionals, with the senior members having worked together for more than a decade. In 2021, Risk.net named Saba Capital Management Hedge Fund of the Year.
Previously, Mr. Weinstein worked at Deutsche Bank for eleven years, the last eight years as Managing Director (a title he achieved at age 27). Throughout his career at Deutsche Bank, Mr. Weinstein had dual responsibility for proprietary trading and market making. In 2008, Mr. Weinstein was promoted to Co-Head of Global Credit Trading, overseeing a group of 650 investment professionals. He was also a member of the Global Markets Executive Committee.
Mr. Weinstein graduated from the University of Michigan, Ann Arbor, with a BA in Philosophy. He achieved the title of National Master in chess at age 16.
(1) Assets under management as of October 2024.
Pierre Weinstein joined Saba at launch in April 2009. Mr. Weinstein is a Portfolio Manager who focuses on several strategies including closed-end funds, reinsurance, SPACs, cross asset volatility, and convertible arbitrage. In addition, Mr. Weinstein serves as Chairman of the Board of Trustees and CEO of Saba Capital Income & Opportunities Fund II (ticker: SABA) and CEO of Saba Capital Income and Opportunities Fund (ticker: BRW). Prior to Saba, Mr. Weinstein was a Portfolio Manager at Saba Principal Strategies, the proprietary credit trading group at Deutsche Bank where he managed the equity derivatives, international convertible bond and SPAC Arbitrage strategies. Mr. Weinstein started his investment career at Société Générale in Paris in 1998 as an equity derivatives market maker. Mr. Weinstein held various roles including a position as a convertible bond proprietary trader in New York. Mr. Weinstein holds a MS in Engineering from École Centrale Lyon and a MS in Finance from École HEC in Paris.
Xavier Riera joined Saba in September 2012. Mr. Riera is a Portfolio Manager who focuses on several strategies including capital structure arbitrage, tail hedging, and cross asset relative value. Prior to Saba, Mr. Riera was a Portfolio Manager at Bluefin Trading, where he managed their cross-asset arbitrage strategy. Prior to Bluefin, Mr. Riera was a Portfolio Manager at Kellogg Capital, where he focused on opportunities across the capital structure of North American companies. Prior to this, Mr. Riera was a Vice President at Credit Suisse and a senior analyst on its proprietary capital structure arbitrage trading desk. Mr. Riera started his career on the event driven proprietary trading desk of IXIS Capital Markets in New York. Mr. Riera holds a Masters in Finance from École HEC in Paris.
Paul Kazarian joined Saba in March 2013. Mr. Kazarian is a Portfolio Manager who focuses on the closed-end fund strategy and exchange traded products, including ETF arbitrage. In addition, Mr. Kazarian serves on the Board of Trustees or Board of Directors, as applicable, of Miller Howard High Income Equity Fund (ticker: HIE), Destra Multi-Alternative Fund (ticker: DMA), and ASA Gold and Precious Metals Limited (ticker: ASA). Prior to Saba, Mr. Kazarian was a Director at RBC Capital Markets in the Global Arbitrage and Trading Group from 2007-2013. While there, Mr. Kazarian was responsible for the development and management of the Fixed Income ETF Group and also responsible for overseeing other ETF and index strategies. Prior to RBC, Mr. Kazarian worked as a technology analyst at Merrill Lynch. Mr. Kazarian holds a BA in Political Science from Bates College.
Michael D’Angelo joined Saba in November 2015. Mr. D’Angelo also serves as the Secretary for both the Saba Capital Income and Opportunities Fund (ticker: BRW) and Saba Capital Income & Opportunities Fund II (ticker: SABA). Prior to Saba, Mr. D’Angelo was the General Counsel and Compliance Manager at Prologue Capital Management, LP from 2012 to 2015, where he led the firm’s legal and compliance group, including the implementation of its U.S. and U.K. compliance and regulatory reporting and monitoring program. Prior to Prologue, Mr. D’Angelo was a senior attorney with Schulte Roth & Zabel from 2007 to 2012, focusing on hedge fund and private equity fund formation and ongoing advice, including advising clients on RIA compliance and regulatory reporting. Mr. D’Angelo began his career as an analyst with Goldman Sachs & Company. Mr. D’Angelo received a Juris Doctorate from Hofstra University School of Law and a BBA in Finance and Economics from Pace University.
Drew Kellerman joined Saba in April 2018. Mr. Kellerman also serves as the Chairman of the Board of Trustees of Saba Capital Income and Opportunities Fund (ticker: BRW). Prior to Saba, Mr. Kellerman served as a Managing Director and Head of Distribution for the Private Institutional Client group within Alex. Brown where he was responsible for placement of boutique funds and private direct investments. Prior to Alex. Brown, Mr. Kellerman served as a Managing Director and Head of Business Development with Vertical Knowledge supplying open source data and analytics for the defense, financial services, and commercial markets. Prior to joining Vertical Knowledge, Mr. Kellerman was employed with Deutsche Bank from 2002 through 2014, where he served as a Managing Director in Credit Derivatives; U.S. Head of Synthetic CDO Sales and Head of Hedge Fund Credit Sales. Mr. Kellerman’s additional experience includes FleetBoston Financial in Singapore where he was a Director in Asia Structured Finance, Presidio Capital also in Singapore where he served as Director in Structured Finance and First National Bank of Chicago where he served as VP, Head of EM Options Trading. Mr. Kellerman holds a Bachelor of Science in International Relations from Syracuse University.
Nitin Sapru served as the Controller for Saba Capital Management LP from 2011-2014. Mr. Sapru re-joined Saba as Deputy Chief Financial Officer in 2016 and was promoted to Chief Financial Officer in 2017. In addition, Mr. Sapru serves as the Vice President for both the Saba Capital Income and Opportunities Fund (ticker: BRW) and Saba Capital Income & Opportunities Fund II (ticker: SABA). Prior to re-joining Saba, Mr. Sapru was the Chief Operating Officer and Chief Financial Officer of Logen Asset Management LP, a Registered Investment Adviser specializing in distressed debt and special situations. Mr. Sapru joined Logen at its inception and assisted in all matters relating to the operational setup of the firm and its first private fund offering. Mr. Sapru’s prior experience includes roles within the Fund Accounting group at Och-Ziff Capital Management Group LLC and the Asset Management Assurance Practice at Ernst & Young LLP. Mr. Sapru received an MS in Accountancy from Baruch College, a BS in Finance from Lehigh University, and is a CPA.
Boaz Weinstein is the Founder and Chief Investment Officer of Saba Capital Management, a $5.3 billion(1) hedge fund focused on credit relative value strategies, based in New York City. Mr. Weinstein founded Saba in 2009 as a lift-out of the Deutsche Bank proprietary credit trading group he started in 1998. At Saba, Mr. Weinstein leads a team of 55 professionals, with the senior members having worked together for more than a decade. In 2021, Risk.net named Saba Capital Management Hedge Fund of the Year.
Previously, Mr. Weinstein worked at Deutsche Bank for eleven years, the last eight years as Managing Director (a title he achieved at age 27). Throughout his career at Deutsche Bank, Mr. Weinstein had dual responsibility for proprietary trading and market making. In 2008, Mr. Weinstein was promoted to Co-Head of Global Credit Trading, overseeing a group of 650 investment professionals. He was also a member of the Global Markets Executive Committee.
Mr. Weinstein graduated from the University of Michigan, Ann Arbor, with a BA in Philosophy. He achieved the title of National Master in chess at age 16.
(1) Assets under management as of October 2024.
Pierre Weinstein joined Saba at launch in April 2009. Mr. Weinstein is a Portfolio Manager who focuses on several strategies including closed-end funds, reinsurance, SPACs, cross asset volatility, and convertible arbitrage. In addition, Mr. Weinstein serves as Chairman of the Board of Trustees and CEO of Saba Capital Income & Opportunities Fund II (ticker: SABA) and CEO of Saba Capital Income and Opportunities Fund (ticker: BRW). Prior to Saba, Mr. Weinstein was a Portfolio Manager at Saba Principal Strategies, the proprietary credit trading group at Deutsche Bank where he managed the equity derivatives, international convertible bond and SPAC Arbitrage strategies. Mr. Weinstein started his investment career at Société Générale in Paris in 1998 as an equity derivatives market maker. Mr. Weinstein held various roles including a position as a convertible bond proprietary trader in New York. Mr. Weinstein holds a MS in Engineering from École Centrale Lyon and a MS in Finance from École HEC in Paris.
Xavier Riera joined Saba in September 2012. Mr. Riera is a Portfolio Manager who focuses on several strategies including capital structure arbitrage, tail hedging, and cross asset relative value. Prior to Saba, Mr. Riera was a Portfolio Manager at Bluefin Trading, where he managed their cross-asset arbitrage strategy. Prior to Bluefin, Mr. Riera was a Portfolio Manager at Kellogg Capital, where he focused on opportunities across the capital structure of North American companies. Prior to this, Mr. Riera was a Vice President at Credit Suisse and a senior analyst on its proprietary capital structure arbitrage trading desk. Mr. Riera started his career on the event driven proprietary trading desk of IXIS Capital Markets in New York. Mr. Riera holds a Masters in Finance from École HEC in Paris.
Paul Kazarian joined Saba in March 2013. Mr. Kazarian is a Portfolio Manager who focuses on the closed-end fund strategy and exchange traded products, including ETF arbitrage. In addition, Mr. Kazarian serves on the Board of Trustees or Board of Directors, as applicable, of Miller Howard High Income Equity Fund (ticker: HIE), Destra Multi-Alternative Fund (ticker: DMA), and ASA Gold and Precious Metals Limited (ticker: ASA). Prior to Saba, Mr. Kazarian was a Director at RBC Capital Markets in the Global Arbitrage and Trading Group from 2007-2013. While there, Mr. Kazarian was responsible for the development and management of the Fixed Income ETF Group and also responsible for overseeing other ETF and index strategies. Prior to RBC, Mr. Kazarian worked as a technology analyst at Merrill Lynch. Mr. Kazarian holds a BA in Political Science from Bates College.
Michael D’Angelo joined Saba in November 2015. Mr. D’Angelo also serves as the Secretary for both the Saba Capital Income and Opportunities Fund (ticker: BRW) and Saba Capital Income & Opportunities Fund II (ticker: SABA). Prior to Saba, Mr. D’Angelo was the General Counsel and Compliance Manager at Prologue Capital Management, LP from 2012 to 2015, where he led the firm’s legal and compliance group, including the implementation of its U.S. and U.K. compliance and regulatory reporting and monitoring program. Prior to Prologue, Mr. D’Angelo was a senior attorney with Schulte Roth & Zabel from 2007 to 2012, focusing on hedge fund and private equity fund formation and ongoing advice, including advising clients on RIA compliance and regulatory reporting. Mr. D’Angelo began his career as an analyst with Goldman Sachs & Company. Mr. D’Angelo received a Juris Doctorate from Hofstra University School of Law and a BBA in Finance and Economics from Pace University.
Drew Kellerman joined Saba in April 2018. Mr. Kellerman also serves as the Chairman of the Board of Trustees of Saba Capital Income and Opportunities Fund (ticker: BRW). Prior to Saba, Mr. Kellerman served as a Managing Director and Head of Distribution for the Private Institutional Client group within Alex. Brown where he was responsible for placement of boutique funds and private direct investments. Prior to Alex. Brown, Mr. Kellerman served as a Managing Director and Head of Business Development with Vertical Knowledge supplying open source data and analytics for the defense, financial services, and commercial markets. Prior to joining Vertical Knowledge, Mr. Kellerman was employed with Deutsche Bank from 2002 through 2014, where he served as a Managing Director in Credit Derivatives; U.S. Head of Synthetic CDO Sales and Head of Hedge Fund Credit Sales. Mr. Kellerman’s additional experience includes FleetBoston Financial in Singapore where he was a Director in Asia Structured Finance, Presidio Capital also in Singapore where he served as Director in Structured Finance and First National Bank of Chicago where he served as VP, Head of EM Options Trading. Mr. Kellerman holds a Bachelor of Science in International Relations from Syracuse University.
Nitin Sapru served as the Controller for Saba Capital Management LP from 2011-2014. Mr. Sapru re-joined Saba as Deputy Chief Financial Officer in 2016 and was promoted to Chief Financial Officer in 2017. In addition, Mr. Sapru serves as the Vice President for both the Saba Capital Income and Opportunities Fund (ticker: BRW) and Saba Capital Income & Opportunities Fund II (ticker: SABA). Prior to re-joining Saba, Mr. Sapru was the Chief Operating Officer and Chief Financial Officer of Logen Asset Management LP, a Registered Investment Adviser specializing in distressed debt and special situations. Mr. Sapru joined Logen at its inception and assisted in all matters relating to the operational setup of the firm and its first private fund offering. Mr. Sapru’s prior experience includes roles within the Fund Accounting group at Och-Ziff Capital Management Group LLC and the Asset Management Assurance Practice at Ernst & Young LLP. Mr. Sapru received an MS in Accountancy from Baruch College, a BS in Finance from Lehigh University, and is a CPA.