Boaz Weinstein Would Offer Sculptor Clients Sweetener to Stay at Firm
09/26/2023 01:35
Boaz Weinstein would offer Sculptor Capital Management Inc. clients the chance to join his investment in the money manager under the same terms as his billionaire backers, according to people familiar with the plan.
Boaz Weinstein would offer Sculptor Capital Management Inc. clients the chance to join his investment in the money manager under the same terms as his billionaire backers, according to people familiar with the plan.
The Saba Capital Management founder and his co-investors view the plan as a sweetener for clients, who must give their approval in order for Weinstein’s bid for Sculptor to go through. His fellow bidders include billionaires Bill Ackman, Marc Lasry and Jeff Yass.
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Boaz Weinstein Would Offer Sculptor Clients Sweetener to Stay at Firm