Reuters reports:
Boaz Weinstein’s Saba Capital Management has sold credit derivatives in recent months to lenders looking for protection in big tech names like Oracle and Microsoft due to concerns about the debt-financed AI investment frenzy, a source told Reuters.
Banks sought to protect their exposure to potential losses by buying credit default swaps (CDS) from a US hedge fund manager, known for making a winning bet against a JPMorgan Chase trader dubbed…
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