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2020’s Best Performing Hedge Fund Warns Of “Incredible Move” Around The Election

Sure, there are probably a handful of hedge funds who have generated even higher returns, but for the purpose of this post we are going off the latest HSBC hedge fund weekly report, according to which Boaz Weinstein’s Saba Capital is the best performing hedge fund of 2020 with a staggering 72% YTD return.

And while some could chalk Weinstein’s stellar return to luck, the reality is that he has read the tea-leaves of 2020 better than most of his peers, and certainly those who focus on credit and fixed income like the former Deutsche Bank relative value guru and prop trader.

Which is, for lack of a better word, chilling because as Bloomberg reports, “never in his 22-year career has Boaz Weinstein seen such a disconnect between the complacency of credit investors and the anxiety of equity investors, and he predicts it could unravel in an “incredible move” around the Nov. 3 U.S. election.”

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