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Hedge funds say good riddance to 2012

CNN Money – Harpooning JPMorgan’s London Whale? Nope. Despite sniffing out and profiting from JPMorgan’s bet on an obscure credit derivative index, Boaz Weinstein’s Saba Capital appears to have lost money for investors in 2012.

The fund lost 2.7%, through the end of November, according to a person familiar with the fund’s returns. Saba Capital hasn’t finalized year-end numbers yet.

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