The broad outlines of Weinstein’s meteoric rise and subsequent stumbles are well known on Wall Street. Weinstein was enrolled in his first chess workshop at age five. As of June 2019, Saba managed $1.7 billion in assets.[19]. In March 2011, Saba was listed as the fastest growing hedge fund in 2010 by Absolute Return + Alpha Magazine. Sex: Male. Copyright 2001-2021, Chessgames Services LLC. No vitriolic or systematic personal attacks against other members. World Rank (All players): 28618. He graduated in 1991 from the elite Stuyvesant High School, whose alumni include four Nobel Prize winners. then simply login login under your username now to join the discussion. do not necessarily represent the views of Chessgames.com, its employees, or sponsors. Mr. Weinstein founded Saba in 2009 as a lift-out of the Deutsche Bank proprietary credit trading group he started in 1998. [20][21][22][23], In 2010, Weinstein married Tali Farhadian in Manhattan, New York. Rank: 28 (tie)Firm: Saba Capital Management Headquarters: New York Earnings: $90 million Childhood chess whiz and former Deutsche Bank trader founded Saba … Rating ... without the written permission of FIDE International Chess Federation. Mr. Weinstein founded Saba in 2009 as a lift-out of Saba Principal Strategies. [26][27], a notable $6-billion loss incurred by JPMorgan, "Young Traders Thrive In the Stock/Bond Nexus", "Deutsche Bank Fallen Trader Left Behind $1.8 Billion Hole", "Weinstein Profits From Bond Distress as Paulson Loses", "Boaz Weinstein Said to Raise $160 Million for Saba Hedge Fund - Bloomberg", "How Boaz Weinstein and Hedge Funds Outsmarted JPMorgan", "Boaz Weinstein says Jamie Dimon should have known about 'London Whale, "Boaz Loses for Second Year as European Bet Sours", http://www.finalternatives.com/node/29641, "The largest managers of hedge funds (P&I Sep 2019)", "Wall Street Titans Toast Philanthropy at UJA-Federation Dinner", New York Times: "Tali Farhadian and Boaz Weinstein", Yale Bulletin: "Soros Fellowships for New Americans", "Boaz Weinstein Buys Manhattan Co-Op Apartment for $25.5 Million", Boaz Weinstein Said to Raise $160 Million for Saba Hedge Fund, https://en.wikipedia.org/w/index.php?title=Boaz_Weinstein&oldid=1001496866, University of Michigan College of Literature, Science, and the Arts alumni, Creative Commons Attribution-ShareAlike License, This page was last edited on 19 January 2021, at 23:29. Weinstein says that chess helps in trading, teaching him to focus on the important decisions and to accept risk. To discuss chess or this site in general, 3) I really enjoyed this in-depth profile of Wall Street legend Boaz Weinstein: Boaz Weinstein Is Making Bank. Boaz Weinstein is the founder and Chief Investment Officer of Saba. NOTE: Please keep all discussion on-topic. A penthouse in antique, as-is condition at 907 Fifth Avenue, one of three apartments there held by the estate of the reclusive copper heiress Huguette M. Clark, sold for a pre-emptive $25.5 million, $1.5 million above the listing price, to the hedge fund whiz kid Boaz Weinstein, making it the biggest sale of the week according to city records. Boaz Weinstein Piles Up 90% Gain in Hamptons, Bets on More Chaos Back to video He’s added to his profits every month this year, trading credit and derivatives of companies including Wirecard AG, retailers Staples Inc. and Macy’s Inc. and loading up on cheap closed-end mutual funds. No cyberstalking or malicious posting of negative or private information (doxing/doxxing) of members. [16][17][18] [11][12] In 2012, Weinstein profited from a notable $6-billion loss incurred by JPMorgan on account of a failed investment in credit derivatives attributed to Bruno Iksil. This forum is for this specific player only. Messages posted by Chessgames members If you already have a username, At the card table that night was Peter Muller, who managed a fabulously successful hedge fund called PDT. Recently he is rumored to be the main trader on the other side of a $2 billion loss for JPMorgan. Muller, Griffin, Asness, and Weinstein were among the best and brightest of a new breed, the quants. [13][14][15] A poker-playing chess devotee has neared 90% gains after a $1.8 billion loss… In 2008, financial-services firm Deutsche Bank (DB) was preparing to spin off a division for its most successful trader. NEW YORK - Who are you, Mr. Boaz Weinstein? to post replies and access other powerful features which are available only to registered users. He's also a talented blackjack and poker player. All moderator actions taken are ultimately at the sole discretion of the administration. Boaz Weinstein is an aggressive trader who once lost $2B, too By Mark Russell , Newser Staff ... Weinstein, a chess master and big-time Las Vegas gambler, isn't talking, but … Chess games of Boaz Weinstein, career statistics, famous victories, opening repertoire, PGN download, discussion, and more. For just the first two weeks of March, the flagship Saba Capital Master Fund spiked 33%, according to a note sent to investors that was reviewed by Institutional Investor . [5] Weinstein graduated from Stuyvesant High School in New York City and from the University of Michigan in 1995 with a degree in Philosophy. [8][9] Saba launched its flagship fund in August 2009 with $140 million. Nothing in violation of United States law. visit the Kibitzer's Café. He is also a skilled poker and blackjack player. Turning to Mr. Trefler, Ms. Thanos suggested a Solomonic solution. FIDE player card for Boaz Weinstein. [4] He is also a skilled poker and blackjack player. He's Not Happy That You Know About It . [24] Tali was born in 1975 in Iran to family that fled after the fall of the Shah in 1979. Weinstein first enrolled in a chess workshop at the age of five and earned the title of National Master by the time he was sixteen. Blow the whistle and inform a moderator. Boaz Weinstein’s opening move on Wall Street came as a result of chess. Weinstein first enrolled in a chess workshop at the age of five and earned the title of National Master by the time he was sixteen. Alan N. Trefler (born March 10, 1956) is an American billionaire businessman and chess master best known as the chief executive officer (CEO) of Pegasystems, a multinational software company he founded in 1983. Weinstein was promoted at age 27 to become Deutsche Bank's youngest-ever Managing Director. No obscene, racist, sexist, or profane language. Federation: United States of America. FIDE ID: 2007908. [10] Weinstein was also included in Fortune Magazine’s 40 Under 40 list in 2010 and 2011. [3] He was born to Israeli and American parents. They were preparing to compete in a poker tournament with million-dollar stakes. Boaz Weinstein, rating 2168, Hedge fund manager who runs Saba Capital. English (US) Español; Français (France) 中文(简体) By the time he was 16, he had earned the title of National Chess Master. There, too, were Cliff Asness, the sharp-tongued, mercurial founder of the hedge fund AQR Capital Management, and Boaz Weinstein, chess “life master” and king of the credit-default swap. Mr. Weinstein, now a star hedge fund manager, was trying to get a summer job at Goldman Sachs in … In 2009, Weinstein went ahead with a plan to lift out 15 members of his team to start his own credit-focused hedge fund, Saba Capital Management, based in New York. He rose to prominence in 2006 and 2007, when the Saba proprietary trading group cleared over $1.5 billion in profits. Weinstein's philanthropy has focused on public school education, New York City, and Jewish causes. B-Year: 1973. Boaz Weinstein (born 1973) is an American hedge fund manager[2] and founder of Saba Capital Management. Weinstein, Boaz . Weinstein … Please try to maintain a semblance of civility at all times. JPMorgan Chase lost big because of outsize trades, but not before Boaz Weinstein, a hedge fund manager, seized a rich opportunity, winning in … Search Google for Boaz Weinstein Weinstein serves on the Board of Directors of Stuyvesant High School and is also a Leadership Council member for Robin Hood, New York’s largest poverty-fighting organization. As we mentioned in the March 31 Altimetry Daily Authority, Boaz Weinstein had spent the previous decade making high-powered trades for the bank… […] Comprehensive Boaz Weinstein chess games collection, opening repertoire, tournament history, PGN download, biography and news 365Chess.com Biggest Chess Games Database Online And, when US trader Boaz Weinstein cleaned up after JPMorgan lost $1.8bn, the NYT explained it: “He is a chess master.” But the raw numbers themselves are astonishing: over 6m, 35m, 16m, 50m and 85m people in the U.K., U.S., Germany, Russia, and India (ABC1), respectively, are playing chess regularly and more than half are 18-34. A 38-year-old hotshot trader and chess master named Boaz Weinstein was the driving force behind the harpooning of the “London Whale,” hedge-fund industry sources told The Post. Search Sacrifice Explorer for Boaz Weinstein Hedge fund manager Boaz Weinstein of Saba Capital, who gained renown for being on the other (winning) ... "Chess is a very Internet-friendly game," Rogoff said. Muller, Griffin, Asness, and Weinstein were among the best and brightest of a new breed, the quants. But Mr. Weinstein, who was anointed a chess master at age 16 and was a founder of Saba Capital Management, now a … He was Co-Head of Global Credit Trading where he oversaw a team of approximately 650 professionals and was a member of the Global Markets Executive Committee. At the Manhattan Chess Club, Weinstein became a national master at age 16. Weinstein graduated from Stuyvesant High School in New York City and from the University of Michigan in 1995 with a degree in Philosophy. Reading the headlines of some of the leading global financial newspapers reveals a couple of facts about the guy: He started playing chess … Boaz Weinstein Founder & Chief Investment Officer, Saba Capital Management Boaz Weinstein is the Founder and Chief Investment Officer of Saba Capital Management, L.P. (“Saba”), a $3.2 billion credit hedge fund based in NYC. In March 2006, the world’s richest men sipped champagne in an opulent New York hotel. This should be a great event! NOTE: Create an account today In the hedge fund game, a business in which ruthlessness is prized and money is the ultimate measure, Mr. Weinstein is what is known as a “monster” — an … The use of "sock puppet" accounts to circumvent disciplinary action taken by moderators, create a false impression of consensus or support, or stage conversations, is prohibited. His dad had an insurance brokerage in Brooklyn, and his … No spamming, advertising, duplicate, or gibberish posts. [24], In 2012, Weinstein was reported to have bought a $25.5 million property on Manhattan's Fifth Avenue, from the estate of Huguette Clark. … Ms. Thanos coaxed and prodded, and the price reached $10,500, before Alan Trefler, founder and chief executive of Pegasystems, a leading business management software company, ceded the floor to Boaz Weinstein, founder of Saba Capital, a hedge fund. [6] His proprietary trading group was reported to have lost $1.8 billion in 2008, his only losing year out of his eleven years at Deutsche Bank.[7]. FIDE title: None. There, too, were Cliff Asness, the sharp-tongued, mercurial founder of the hedge fund AQR Capital Management, and Boaz Weinstein, chess “life master” and king of the credit-default swap.