Investing
Boaz Weinstein Is ‘Buying Pessimism’ With Discount Bids on Private Assets
The hedge-fund manager offers to buy out frustrated investors in Blue Owl and Starwood funds — and says he’s just getting started
Boaz Weinstein, founder and chief investment officer of Saba Capital Management.
Photographer: Jeenah Moon/BloombergEveryday investors have billions of dollars stuck in portfolios of private credit, real estate and other hard-to-value assets. Enter Boaz Weinstein.
As cracks spread through private credit markets in recent weeks, the head of Saba Capital Management began offering investors quick cash for their stakes in such vehicles run by Blue Owl Capital Inc. Now he's making the same proposal to backers of a Starwood Capital Group real estate fund that has severely curtailed withdrawals for nearly two years.