Reuters reports:
Boaz Weinstein’s Saba Capital Management has sold credit derivatives in recent months to lenders seeking to back tech big names like Oracle and Microsoft amid concerns about a debt-financed AI investment frenzy, a source told Reuters.
Banks are looking for potential losses by buying credit default swaps (CDS) from the US hedge fund manager, famous for his winning bet against trader JPMorgan Chase.
Reuters EXCLUSIVE: Weinstein-owned Saba sells credit derivatives on Big Tech as AI risks rise, source says appeared first on The Loadstar.
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