Boaz Weinstein: Difference between revisions
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'''Boaz Weinstein''' (born in 1973) is a notable [[Derivative (finance)|derivatives]] trader and [[hedge fund]] manager.<ref>[http://news.efinancialcareers.com/News_ITEM/newsItemId-5128 Young traders thrive in stock/bond nexus]</ref> He was born to Israeli and American parents. He first enrolled in a chess workshop at the age of five and earned the title of National Master by the time he was sixteen.<ref>[http://www.efinancialnews.com/story/2009-02-06/deutsche-bank-fallen-trader-left-behind-hole/ Deutsche Bank fallen trader left behind $1.8bn hole]</ref> He is also a skilled [[poker]] and [[blackjack]] player.<ref>[http://www.bjstats.com/blog/default.asp?Display=28 Boaz Weinstein]</ref> In 2005, [[Warren Buffett]] invited him to a poker tournament, where he won a [[Maserati]].<ref>[http://www.scribd.com/doc/26334672/The-Quants-by-Scott-Patterson-Excerpt The Quants By Scott Patterson]</ref> Weinstein graduated from [[Stuyvesant High School]] in New York City and from the [[University of Michigan]] in 1995. |
'''Boaz Weinstein''' (born in 1973) is a notable [[Derivative (finance)|derivatives]] trader and [[hedge fund]] manager.<ref>[http://news.efinancialcareers.com/News_ITEM/newsItemId-5128 Young traders thrive in stock/bond nexus]</ref> He was born to Israeli and American parents. He first enrolled in a chess workshop at the age of five and earned the title of National Master by the time he was sixteen.<ref>[http://www.efinancialnews.com/story/2009-02-06/deutsche-bank-fallen-trader-left-behind-hole/ Deutsche Bank fallen trader left behind $1.8bn hole]</ref> He is also a skilled [[poker]] and [[blackjack]] player.<ref>[http://www.bjstats.com/blog/default.asp?Display=28 Boaz Weinstein]</ref> In 2005, [[Warren Buffett]] invited him to a poker tournament, where he won a [[Maserati]].<ref>[http://www.scribd.com/doc/26334672/The-Quants-by-Scott-Patterson-Excerpt The Quants By Scott Patterson]</ref> Weinstein graduated from [[Stuyvesant High School]] in [[New York City]] and from the [[University of Michigan]] in 1995. |
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==At Deutsche Bank== |
==At Deutsche Bank== |
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Revision as of 20:35, 27 May 2012
Boaz Weinstein | |
|---|---|
| Born | 1973 |
| Alma mater | University of Michigan |
| Occupation(s) | trader, hedge fund manager |
Boaz Weinstein (born in 1973) is a notable derivatives trader and hedge fund manager.[1] He was born to Israeli and American parents. He first enrolled in a chess workshop at the age of five and earned the title of National Master by the time he was sixteen.[2] He is also a skilled poker and blackjack player.[3] In 2005, Warren Buffett invited him to a poker tournament, where he won a Maserati.[4] Weinstein graduated from Stuyvesant High School in New York City and from the University of Michigan in 1995.
At Deutsche Bank
He worked at Deutsche Bank from 1998–2009 and rose to prominence in 2006 and 2007, when one of his trading groups cleared over $1.5 billion in profits. Weinstein was promoted at age 27 to become Deutsche Bank’s youngest ever Managing Director.[5] His proprietary trading group was widely reported to have lost about 18% on $10 billion of capital in 2008, his only losing year out of his eleven years at Deutsche Bank.[6]
Post-Deutsche Bank career
In 2009, Weinstein went ahead with a previously agreed upon plan with Deutsche Bank to lift out 15 members of his team to start his own credit-focused hedge fund, Saba Capital Management, based in New York.[7][8] Saba launched its flagship fund in August 2009 with $140 million. As of June 2011, Saba had $3.3 billion in assets under management, including about $400 million in a "Tail Hedge fund," which aims to protect client assets against rare and unexpected market events.[9][10] In March 2011, Saba was listed as the fastest growing hedge fund in 2010 by Absolute Return + Alpha Magazine, with assets under management increasing by 293% that year.[11] Weinstein was also ranked number 17 in Fortune Magazine’s 40 Under 40 list in 2010.[12] In 2012 Weinstein profited substantially from a notable $2-billion loss incurred by JPMorgan on account of a loss attributed to Bruno Iksil.[13]
References
- ^ Young traders thrive in stock/bond nexus
- ^ Deutsche Bank fallen trader left behind $1.8bn hole
- ^ Boaz Weinstein
- ^ The Quants By Scott Patterson
- ^ Even the best investors have bad years
- ^ Weinstein Profits From Bond Distress as Paulson Loses
- ^ The Next Best Hope
- ^ Boaz Weinstein Said to Raise $160 Million for Saba Hedge Fund
- ^ The Next Best Hope
- ^ New Investment Strategy: Preparing for End Times
- ^ Billion dollar club
- ^ Fortune's 40 under 40
- ^ Celarier, Michelle (16 May 2012). "The man who beached 'Moby Iksil'". The New York Post. Retrieved 16 May 2012.
External links
- 1973 births
- Living people
- American derivatives traders
- American hedge fund managers
- American money managers
- American people of Israeli descent
- American stock traders
- Israeli derivatives traders
- Israeli hedge fund managers
- Israeli investors
- Israeli money managers
- Israeli stock traders
- University of Michigan alumni
- American Jews