Reuters / Richard Brian
- Boaz Weinstein has been tagged by this year's stock-market rally, according to the Financial Times.
- Saba Capital's flagship $1.3 billion fund is down 8% year-to-date, the publication reported.
- Bearish investors are struggling to generate returns with the S&P 500 up 16% year-to-date.
Boaz Weinstein's Saba Capital is reportedly the latest hedge fund to have been tagged by the surprise 2023 rally, with bears racking up major losses as stock prices continue to soar.
Saba's flagship $1.3 billion fund is down just under 8% so far this year, while another $1 billion fund it runs has fallen by a similar amount, according to a report by the Financial Times citing a letter to investors.