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Weinstein’s Saba Capital Hedge Fund Declines for Fifth Month

Bloomberg – Boaz Weinstein, founder of hedge-fund firm Saba Capital Management LP, posted a 1.3 percent decline in June, his fifth straight monthly loss, as some investors exited the fund.

The credit fund has lost 2.9 percent this year after dropping in the prior two years, according to an investor letter. Jonathan Gasthalter, a spokesman for New York-based Saba at Sard Verbinnen & Co., declined to comment on the returns.

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