Weinstein’s Saba Capital Hedge Fund Declines For Fifth Month

Jul 10, 2014 6:07 pm ET

July 10 (Bloomberg) -- Saba Capital Management LP, the $2.6 billion hedge-fund firm run by Boaz Weinstein, posted a 1.3 percent decline in June, its fifth straight monthly loss.

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