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Weinstein Profits From Bond Distress as Paulson Loses

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The biggest swings in credit markets since 2008 are boosting demand for hedge funds that avoid bets on which way the economy is headed.

Saba Capital Management LP, started by former Deutsche Bank AG trader Boaz Weinstein in 2009, surpassed $1 billion in assets this month after gaining 1.6 percent in May, said an investor with the New York-based firm who declined to be identified because the information isn’t public.