Private fund adviser · New York, NY
Saba Capital Management, L.P.
SEC-registered investment adviser · CRD 154362 · SEC 801-71740
At a glance
Saba Capital Management, L.P. is an SEC-registered investment adviser based in New York, New York, with $18.3 billion in regulatory assets under management as of its Form ADV filed May 29, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 395th of 4,686 private fund advisers and 921st of 17,210 SEC-registered advisers by assets.
Main office 212-542-3610sabacapital.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $18B
- Rank among private fund advisers
- #395 of 4,686
- Rank among all SEC RIAs
- #921 of 17,210
- Rank in New York
- #248 of 2,591
- Clients
- 41
- Accounts
- 41
- Discretionary
- 100% of AUM
- Employees
- 67
- Advisory staff
- 17
- Offices
- 2
Owners and executives on its Form ADV
- Boaz R. WeinsteinCIO, Partner, Founder (saba Capital Management, LP)
- Michael D D AngeloPartner, Chief Operating Officer, General Counsel (saba Capital Management, LP)
- Nitin (. SapruPartner, Chief Financial Officer (saba Capital Management, LP)
- Andrew M. KellermanPartner, Head of Investor Relations (saba Capital Management, LP)
- Paul C. KazarianPartner (saba Capital Management, LP)
- David HanChief Compliance Officer (saba Capital Management, LP)
- Jeremy M. BenkiewiczPartner (saba Capital Management, LP)
- Kieran W. GoodwinPartner (saba Capital Management, LP)
Custody and brokerage
6 custodians
- TD Prime Services$482M40%
- Morgan Stanley$436M36%
- Goldman Sachs$165M14%
- BNY$102M8%
- J.P. Morgan$20M2%
- Barclays Bank PLC$14M1%
Other RIAs using TD Prime ServicesOther multi-custodian RIAs
Broker-dealer
Hybrid RIA
Saba Capital Management, L.P. is a hybrid RIA: 2 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 30 | $15B | 84% |
| Investment companies | 3 | $1.5B | 8% |
| Other investment advisers | 3 | $809M | 4% |
| State or municipal government entities | 3 | $458M | 3% |
| Pension and profit sharing plans | 2 | $101M | <1% |
Private funds
Saba Capital Management, L.P. reports 12 private funds with $15B in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Saba Capital Management, L.P. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Other services
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗sabacapital.com ↗
AtlasMembers
The full record on Saba Capital Management, L.P.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 709 peers of its type and size
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- Owners and executives, with titles and stakes
- 8 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 3Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Saba Capital Management, L.P. manage?
Saba Capital Management, L.P. reports $18.3 billion in regulatory assets under management across 41 accounts, 100% of it on a discretionary basis, on its Form ADV filed May 29, 2026.
What kind of firm is Saba Capital Management, L.P.?
Saba Capital Management, L.P. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Saba Capital Management, L.P.’s clients?
By assets, its largest client types are pooled investment vehicles ($15.4 billion, 30 clients); investment companies ($1.5 billion, 3 clients); other investment advisers ($809 million, 3 clients).
Does Saba Capital Management, L.P. manage private funds?
Yes. It reports 12 private funds with $15.4 billion in gross assets, including hedge funds.
Does Saba Capital Management, L.P. have any disciplinary history?
Saba Capital Management, L.P. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Saba Capital Management, L.P.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-05-29), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →