The SABA CAPITAL MANAGEMENT, L.P. is a privately held investment adviser that advises $21.14Bn in regulatory assets under management held in 1 SEC fund types across 3 investment strategies. SABA CAPITAL MANAGEMENT, L.P. is a Private Fund A private fund manager is a manager whose >=75% of total assets under management are in private funds (privately offered pooled vehicles for accredited or qualified investors, generally accessed through placements with higher minimums, restricted eligibility, and negotiated terms) Manager. Assets increased by 244.47% over the last 5-years.
The Group has been registered with the SEC for 15.99 years and is comprised of 2 filing and 0 relying advisers. They operate out of 2 office locations with their Headquarters at 405 LEXINGTON AVE 58TH FLOOR, NEW YORK, NEW YORK. The Group has not been subject to regulatory enforcement actions. They are regulated by 3 US and Non-US bodies.
They have 79 employees comprised of 23 investment and 56 non-investment staff. The total number of Employees increased by 125.71% over the last 5-years.
Their $21.14Bn in assets advised are owned by 31 private funds, 3 public funds and BDCs and 8 other accounts. Assets of Pooled Investment Vehicles (Not IC or BDC) clients own $18.26Bn or 86.37% of Total Assets and Investment Companies (IC) own $1.51Bn or 7.16% of Total Assets.
The Group's top investment strategies include Multi Strat, Long/Short Equity and FI/Credit - Diverse, representing 62.55%, 34.64% and 2.81% of total assets, respectively.
They advise 5 types of clients, top clients are Pooled Investment Vehicles (Not IC or BDC) and Investment Companies (IC).
The Group uses 2 Fund Administrators, 2 Fund Auditors, 10 Prime Brokers, 15 Custodians and 2 Marketers. It does not report a third-party Fund Administrator in 1 private funds with $255.05mn in assets.
The Group discloses advisory fees, management fees and performance-based fees.
SABA CAPITAL MANAGEMENT, L.P. names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.