Exclusive-Weinstein's Saba sells credit derivatives on Big Tech as AI risks grow, source says

By Nell Mackenzie and Lucy Raitano LONDON (Reuters) -Boaz Weinstein's Saba Capital Management has sold credit derivatives in recent months to lenders seeking protection on big tech names like Oracle and Microsoft due to concerns over a debt-financed AI investment frenzy, a source told Reuters.​ Banks have sought to shield their exposure to potential losses by buying credit default swaps (CDS) from the U.S. ‌hedge fund manager, known for his winning bet against the JPMorgan Chase trader dubbed the "London ...