By late May, Sabres bonds traded at 700 basis points above Treasuries, Weinstein says, though they have since tightened somewhat. By Scott Patterson and Serena Ng. Nationalism, the new issue of Jacobin is out now. In a televised debate, another DA candidate, city assembly member Dan Quart, called Farhadian Weinsteins attack on Bragg disgraceful., The next day, the Farhadian Weinstein campaign used portions of a $5 million ad buy to circulate images of Quart and Bragg together under the headline Do you want a District Attorney Who Protects Domestic Abusers? (Quart and Bragg, along with Aboushi and Orlins, indicated in a candidates survey that they would not pursue domestic charges in cases where neither the accused nor the accuser wants to proceed.). Topic: Investing & Caring Guest: Boaz Weinstein Bio: Founder & Chief Investment Officer, Saba Capital Management Boaz Weinstein is the Founder and Chief Investment Officer of Saba Capital Management, L.P. ("Saba"), a $3.2 billion credit hedge fund based in NYC. Wirecard, the German payments processor at the center of an accounting scandal, is one. His dad had an insurance brokerage in Brooklyn, and his mom worked as a translator, sending him to public schools. Neither he nor his partners had an inkling of the coronavirus pandemic that would eventually tear through the worlds economies, devastate its credit markets, and extinguish more than 400,000 lives. In those years, the couple reported a net negative income. Wall Street beckoned. Instead of picking a typical Wall Streeter's major such as finance or economics, Weinstein decided to major in Philosophy. The crew tracks a dizzying array of 18,000 bonds as well. Performance Awards and the 2020 winner of the Best Credit Fund Over $1 Billion by HFMs U.S. In late February, utter pandemonium began to unfold. Boaz Weinstein, whose New York-based Saba Capital was one of the world's top-performing hedge funds in the market turmoil of 2020, said that the unwinding of central banks' vast stimulus . Farhadian Weinstein outspent her opponents seven to one between May 17 and June 7. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. As recently as April, an optimistic observer could be forgiven for thinking that the progressive prosecutor movement embodied by figures like Philadelphias Larry Krasner and San Franciscos Chesa Boudin was on the cusp of claiming Manhattan. Farhadian Weinstein, 44, stepped into the city's crowded district attorney's race last week with a vision for "progressive prosecution" or what she says is applying the office as a . Boaz Weinstein is here to blow your f***ing minds on matters blank check. and it would be Weinstein's job to look it up. Farhadian Weinstein, whose husband, Boaz Weinstein, manages a successful hedge fund, spent much of the past year rejecting criticism about her connections to Wall Street and the large sums. In my view, the trade is nowhere near its late stages.. Back in 2011, Boaz Weinstein was riding the rollicking waves of the financial markets, looking for juicy credit default swap trades to sweep up in his net, when the captain of the S.S. Saba. But it also lifts a chosen cadre to exalted status based on their ability to sidestep doom and wring lucre from others misfortune. It gives me a great deal of pleasure that there are thousands of little investors who benefit, he says. athol ma police scanner frequency; rebound velocity of ball; burnett's cherry cola vodka; 1 million sesterces to dollars; healthy canned sardine recipes When New York shut down, he left his office in the Chrysler Building and decamped to Long Island, like others from high-caste Manhattan. Activist investors like Saba buy stakes in discounted funds and cajole management into taking steps to reduce the discount by making tender offers for shares at NAV, converting or merging into open-end mutual funds, or liquidating. The broad outlines of Weinsteins meteoric rise and subsequent stumbles are well known on Wall Street. He's also a talented blackjack and poker player. Instead, late last year the youthful-looking credit whiz was methodically scanning databases of bonds, swaps, and indexes on the 58th floor of Manhattans Art Deco Chrysler Building, where Weinsteins Saba Capital Management has its offices. Here, in socially distanced splendor, Boaz Weinstein is printing money. The information you requested is not available at this time, please check back again soon. We have estimated Boaz Weinstein's net worth, money, salary, income, and assets. amtifo backup camera troubleshooting. There is no question Boaz Weinstein is the most famous & most loved celebrity of all the time. This Hamptons-style clifftop beachhouse in Portsea was originally designed by Victorian designer John Coote and has since been lovingly updated by Adelaide Bragg & Co. boaz weinstein hamptons house. Bloomberg | Quint is a multiplatform, Indian business and financial news company. Weinstein confesses he likes the moral dimension to his activism. As Weinstein describes it, the basic wager was a simple one, even if tough to implement. It has been a few years since hedge fund manager Boaz Weinstein bought the penthouse where notoriously reclusive heiress Huguette Clark resided. Mr. Weinstein founded Saba in 2009 as a lift-out of Saba Principal Strategies. He has been banned from the Bellagio in Las Vegas for counting cards. And hes not entirely happy that you know that. There was little demand, he says. Deutsche wanted in and was hiring in droves. However, he believes that U.S. equity markets reflect a positive, V-shaped economic recovery. as Morgan Stanley and Eaton Vance hit the altar. [4], Weinstein first enrolled in a chess workshop at the age of five. . On Nov. 6, 2018, California voters passed a ballot measure by 61 percent that requires all eggs sold in the state to come from cage-free hens by 2022. Every day is a year, he says. The lifestyle of a "Real Housewives of New York" star wasn't in fact so real she and her now estranged husband failed to file taxes for years and mysteriously invested money in a Hamptons home . His older sister Ilana,IDW Group founder and CEO, is one of the top hedge fund recruiters. Its a solid gain for us, he said.In whats known as a basis trade, Weinstein has looked for companies where the bonds have been excessively beaten down, but where the CDS is relatively inexpensive. The unit's asking price was $24 million. Boaz Weinstein Reveals the Secret Trade That Helped Make Him Famous The Saba Capital Management founder talks about the little-known deal that showed him how to take on JPMorgan's chief. The fall of Boaz Weinstein, once one of Wall Street's hottest . A Deutsche Bank colleague goaded Weinstein into playing a chess game with a handicap: sitting with his back to his board. Weinsteins fame is such that Adi Sunderam, an associate professor of finance at Harvard Business School, has written a case study on Saba. There was a lot of supply.. The popularity of one swap benchmark the CDX High Yield index is to blame, he says. The poker room in his man-cave has seen busier days, but he has switched to occasionally playing over Zoom with hedge fund pals including Marc Lasry. [18], In 2001, at the age of 27, Weinstein was promoted to become one of the youngest managing directors in Deutsche Bank's history. The turmoil underscores that theres additional profit likely to be generated in the tail-hedge strategy since credit spreads by mid-June had returned to pre-Covid levels. But if Weinstein had his way, that would probably be all youd know about his money machine. ET First Published: July 28, 2020 at 8:39 a.m. Mr. Weinstein founded Saba It's unclear which ones he chose though. Vance served just three terms. as well as other partner offers and accept our, He grew up in the Upper West Side of Manhattan and attended, They paid $25.5 million for Clark's apartment on the top floor (the 12th) at 907 Fifth Avenue overlooking Central Park. As the pandemic consumes the outside world, Weinstein has repaired to his gated estate in Sagaponack, replete with tennis court, pool and a Vegas-style card room. She graduated from Yale University, where she also got her law degree, and received a masters in Oriental studies from Oxford University, where she was a Rhodes scholar. Unlike much of that crowd, however, Weinstein has settled here to make money -- lots of it. articles a month for anyone to read, even non-subscribers! As the pandemic consumes the outside world, Weinstein has repaired to his gated estate in Sagaponack, replete with tennis court, pool and a Vegas-style card room. At Saba, Mr. Weinstein leads a team of 30. At Goldman, his mentor was DeLucia, then head of corporate bond trading. like him. But elites had other plans. Subscribe today to get it in print! The idea is to take both long and short positions to profit no matter what. Saba assets dwindled from a peak of $5.6 billion in 2012. People find our strategies interesting, says Weinstein. Estimated value:$35.5 million Title:Founder, Saba Capital The founder of Saba Capital owns a Like many successful investors, an early influence was the seminal TV program Wall Street Week. Boaz Weinstein Is Making Bank. Tax evasion, money laundering, and real estate cases of national and global import all fall under the purview of the Manhattan office.. In early February at the Harbor Investment Conference held at JPMorgan's Park Avenue offices in New York, Weinsteinrecommended buying the Investment Grade Series 9 10-Year Index CDS, which is reportedly the same security the JPMorgan desk was short. So Weinstein waited for the correction he was sure was in the offing. The bank allowed him to pick up his unit of traders and start Saba Capital Management. Weinstein points to Sabre Corp., which provides computer reservation services to airlines, a business walloped by the Covid-19 crisis. Boaz Weinstein purchased one of three Upper East Side apartments owned by the late reclusive copper heiress Huguette Clark in May 2012. Investors have yanked assets from relative-value funds every year since 2015, including the first quarter of 2020, according to Hedge Fund Research. [4] Weinstein is reportedly on the blacklist of several casinos as a card counter. Will His AI Plans Be Any Different? In July 2012, Draghi vowed the ECB would do whatever it takes to protect the battered euro. "This was before there was Google," he laughs. I look out at the next five months, and there are lots of known unknowns, he said in a phone interview, pointing to everything from the course of the pandemic to the U.S. election and relations with China. He had become interested in blackjack since the early 1990s and learned card counting after reading Edward O. Thorp's Beat the Dealer. The investment-grade BBB+ benchmark bonds of McDonalds, by contrast, were trading at 23 basis points. Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking delivered daily to your inbox. This year, were going to get even more voters more solidly on our side.. Born in Iran to a Jewish family, Farhadian Weinstein came to the United States as a refugee in 1979. Wal-Mart or Nike), Weinstein said that he would scan the stock stables inThe New York Timeslooking for the most the biggest losers and gainers, or the most volatile stocks. And all of them, to varying degrees, have sought to position themselves as progressive or reform-minded alternatives to a stilted status quo. A positive outcome for the insurgents is almost certain. [34], In 2010, Weinstein endowed the Tali and Boaz Weinstein Foundation to focus on education, with particular attention to poverty, Jewish causes and underprivileged children in New York City. After leaving the bank in 2009, Weinstein started Saba Capital Management as a separate hedge fund. Tahanie Aboushi, endorsed by the Working Families Party and Bernie Sanders, pledged to introduce a policy of non- or delayed prosecution for many misdemeanors and to provide alternative-to-incarceration programs in all cases, no exceptions. Eliza Orlins, a longtime public defender, has consistently led the race in small-dollar donations while campaigning on what she describes as a decarceral vision for the DAs office. Burden, which had been designed by R. H. Robertson. Weinstein took the match in under two hours. , Bloomberg. [33] In 2022, Saba was the winner of the Best Credit Relative Value Fund over 500m by HFM's U.S. Farhadian Weinstein donated $8.3 million of her own money to her campaign, boosting her fundraising total to about $10 million more than any other candidate in the race. Failing that, the agreements will lapse, and the funds will almost certainly have to liquidate at NAV. The unit's asking price was, In early February at the Harbor Investment Conference held at JPMorgan's Park Avenue offices in New York, Weinstein. Different credit-quality ratings within the high-yield universe have been affected differently. By April 30, Saba research showed the top-quality bonds trading at 117 basis points above Treasuries and the lowest-quality, presumably on the precipice of or in default, trading at 5,763 basis points above Treasuries. He's Not Happy That You Know About It", "Young Traders Thrive In the Stock/Bond Nexus", "Deutsche Bank Fallen Trader Left Behind $1.8 Billion Hole", "Weinstein Profits From Bond Distress as Paulson Loses", "Boaz Weinstein Said to Raise $160 Million for Saba Hedge Fund Bloomberg", "How Boaz Weinstein and Hedge Funds Outsmarted JPMorgan", "Boaz Loses for Second Year as European Bet Sours", "Hedge fund of the year: Saba Capital Management", "HFM US Performance Awards 2022 - 2022 winners", "Wall Street Titans Toast Philanthropy at UJA-Federation Dinner", "No Ethnic Group Owns Stuyvesant. On February 12, the companys benchmark bonds, then rated BB by S&P, were trading at just 0.22 percent, or 22 basis points, above Treasuries. Boaz Weinstein, the New York hedge fund manager, is planning to launch an exchange-traded fund that will invest in closed-end funds, publicly traded US investment vehicles whose shares have. At the University of Michigan, Weinstein majored in philosophy and had an affinity for Aristotle, Descartes, and Hume, according to an interview with an Israeli news website. He said he randomly selected his stocks. He has an older sister, Ilana. Another Goldman co-worker was Appaloosa Managements David Tepper. They are not off the shelf.. It was seen by some as an underhanded move, in keeping with many control battles: When Saba completed the questionnaire a week or so later, BlackRock informed the firm that the deadline had passed, and it would not include its insurgent slate in the proxy. No matter, Weinstein has (finally) said farewell to his 16th floor home at 870 Fifth Avenuehe and his wife,Tali (shes an attorney with the US Department of Justice), have been trying to offload the place since 2014. Harvey Weinstein haters have a reason to feel a little bit better today: The much vilified ex-movie mogul has just sold his Hamptons mansion for $10 million$1.4 million less than what he paid . Yet Weinstein said hes not afraid. Thats really our funds focus.. Weinstein is the founder and chief investment officer of Saba Capital Management, a $1.7 billion credit hedge fund based in New York City. Mr. Boaz Weinstein is the Founder and serves as Chief Investment Officer at Saba Capital Management. [38], Weinstein is the founder of the Success Academy Charter Schools of Harlem 6 and Bensonhurst. Boaz Weinstein's main Saba Capital Management LP hedge fund reported a 33% gain in March through Friday amid coronavirus-led market turmoil, bringing its year to date gain to 67%, according to a . This year through May, the Saba Capital Master was up more than 80 percent, according to a person familiar with the fund. Performance Awards. Jules Wainstein may be new to The Real Housewives of New York, but she's learning that she can't necessarily trust her co-stars with her emotions. Its an enormous amount of money to spend on a local DA race and it [seems like shes] trying to buy justice, the director of Common Cause New York, a watchdog organization, told Gothamist. I used to be like, 'What the hell's this guy doin' here? Boaz Weinstein founded Saba Capital Management. Following steep losses during the financial crisis, Weinstein and a dozen colleagues packed up and left Deutsche to form Saba Capital Management. Boaz Weinstein, founder and CEO of Saba Capital. Bloomberg the Company & Its Products. He rose to prominence at Deutsche Bank in the early and mid 2000s with his credit default swap and capital structure arbitrage trading strategies. Performance Awards. Tepper recalled in the book. Rank: 28 (tie)Firm: Saba Capital Management Headquarters: New York Earnings: $90 million Childhood chess whiz and former Deutsche Bank trader founded Saba Capital Management in 2009, now with more . [2][29] The trader, Bruno Iksil, was selling billions of dollars worth of notes for the Investment Grade Series 9 10-year Index CDS. Oddly, for the cut-throat world of big egos and sharp elbows, nearly everyone who crosses paths with Weinstein seems to . Sabas lucrative tail-hedge trade will inevitably unwind as markets return to some semblance of normal. You can tell there are people who just cant get enough of what they are learning, DeLucia says. On May 10th, JPMorgan disclosed a $2 billion trading loss in the bank's Chief Investment Office in London related to derivatives. All New Yorkers Do", "Boaz, Tali Weinstein Gift Fuels Fight Against Domestic Violence", "The Fabulous Life And Career Of Legendary Trader Boaz Weinstein", "Boaz Weinstein Piles Up 90% Gain in Hamptons, Bets on More Chaos", "Prosecutor, mother, refugee: Tali Farhadian Weinstein wants to be Manhattan's DA", "Boaz Weinstein Buys Manhattan Co-Op Apartment for $25.5 Million", https://en.wikipedia.org/w/index.php?title=Boaz_Weinstein&oldid=1121232215, This page was last edited on 11 November 2022, at 06:36. Weinstein is capping inflows at $1 billion at his flagship and tail-risk funds for the year. In an interview, Weinstein said he made a point of giving Israelis applying for positions ample consideration. Voya amended its bylaws, requiring a 60 percent affirmative vote rather than the previous plurality. Boaz Weinstein is the founder of Saba Capital, a $5 billion hedge fund that specializes in some really interesting types of trading, credit default swaps, tail protection, volatility trading. A $46.5 million publicly traded ETF also employs the CEF strategy. Many joined. The source of much of Farhadin Weinstein's personal wealth is her marriage to Boaz Weinstein, the founder and manager of the hedge fund Saba Capital Management. If elected, the candidate would be the first woman and the first immigrant to . The apartment block, built in 1916 . Its a hedge-fund summer idyll: Chickens strut, tomatoes grow ripe and the Atlantic breeze floats over this Hamptons refuge like a sweet balm. Growing up on Manhattans Upper West Side, Boaz Ronald Weinstein, 47, was seemingly born to trade. Boaz Weinstein is the Founder and Chief Investment Officer of Saba Capital Management, a $3.7 billion1 Registered Investment Advisor focused on credit relative value strategies, based in New York City. Instead of going with the obvious stock picks a high schooler would likely choose (i.e. Will they join Tali Farhadian Weinsteins cohort of millionaire backers and vote for continuity? Saba Capital Management, Boaz Weinstein's white-hot credit hedge fund, is holding a Wall Street merger hostage . Even if the bonds went to zero you still make money. The spreads of the junk and investment-grade CDSs would almost certainly revert to their historical means. The source of much of Farhadin Weinsteins personal wealth is her marriage to Boaz Weinstein, the founder and manager of the hedge fund Saba Capital Management. Among other charities, he has held active positions at the Robin Hood Foundation, the Stuyvesant High School Alumni Association, and Natan, a nonprofit focused on Israel and the Jewish community. Saba has proven pretty nimble.. The competitors had to pick five stocks per week and whoever made the most money would win the contest. Boaz Weinstein is the founder and Chief Investment Officer of Saba. In addition to his trading prowess, Weinstein was skilled at explaining trading tactics something that helped persuade the bank to fund him with billions of dollars. Boaz Weinstein's New York hedge fund Saba Capital is embroiled in separate fights with BlackRock and Neuberger as well as a major law firm over the obscure mechanics of closed-end fund boards. [38] In May 2020, the Weinsteins donated a total of $2 million to about a dozen nonprofit organizations fighting domestic violence during the COVID-19 pandemic, including Sakhi for South Asian Women, Arab-American Family Support Center, Womankind and Violence Intervention Program. Sabas relative-value trades went awry, as did so much across the credit markets. The firm reportedly once managed more than $5 billion, but it has performed unevenly in the past decade. He then formed a proprietary trading group within Deutsche Bank. After a UK Documentary Revealed Abuses, Shein Says it Will Spend $15 Million Improving Labor Conditions, Governor Hochul Vetoes Bill Banning Non-Essential NYC Helicopter Flights, For an Exotic Diving Getaway, Find Your Way to a Blue Hole. Harvey Weinstein has sold his Amagansett home on Broadview Road for $10 million, reports 27east. "But I would still always be right. Instead of naming his fund after a god, Weinstein decided to name it after his grandfather. Weinstein made other real estate news this month after he sold a home in Westport, Connecticut on October 2 for $1.65 million, the Los Angeles Times first reported. Sleek amenities aside, were more excited to check out what Weinstein has planned for the 907 Fifth penthouse, where Clark reportedly stored her massive doll collection (estimated to be worth millions of dollars). Now, Franklin and Legg Mason are in a tight spot. When I was in the middle of it, I really was totally engrossed with opportunity in the marketplace. It reminded him of the turmoil generated by the collapse of Long-Term Capital Management in 1998. Kindly DM me your address. Its not that we foresaw this human tragedy.. boaz weinstein hamptons house He saved the lives of more than 20 people by building a double wall to hide them during the Gestapo raids in the Warsaw Ghetto. Growing up on Manhattan's Upper West Side, Boaz Ronald Weinstein, 47, was seemingly born to trade. Whats less known is that he went back to retrieve the prized Italian automobile the next year after finally getting a drivers license. [21] By January 2009, it had regained about $600 million. [26] Weinstein was also included in Fortune's 40 Under 40 list in 2010 and 2011. Access your favorite topics in a personalized feed while you're on the go. Today, far below its $5.6 billion asset peak and chastened by the volatility drought, Saba manages a more modest $2.7 billion, divided among the three strategies: credit relative value, tail-risk hedge, and CEFs. [9][16] Known as capital structure arbitrage, this is one of Weinstein's main strategies to take advantage of discrepancies in the prices of the several types of securities available for trade on the same company. Just two years after buying, Weinstein listed the . While Schettino has cut his position with Saba over the years as opportunities dried up, hes now so optimistic that Weinsteins winning streak will continue that hes added to his investment. (Facebook). Boaz Weinstein's income source is mostly from being a successful . [1], Weinstein was among the first to identify and publicize a trading opportunity that was later nicknamed the "London Whale", when a trader at JPMorgan made a number of trades that exposed the firm to about $6.2 billion in losses. He purchased the estate back in 2014 for $11.65M. BloombergTV Hedge fund manager Boaz Weinstein, the founder of Saba Capital, has garnered a lot of attention in the last couple of months. [4], After underperformance in 20122014 led some investors to withdraw their funds,[30][31] Saba attracted new investors and gained 3% in 2015 and 22% in 2016. In 2000, at age 27, Weinstein became the youngest-ever Deutsche managing director. The Weinsteins in May told Bloomberg News they were contributing $2 million to nonprofits addressing domestic violence amid the Covid-19 pandemic. Tali Farhadian Weinstein announced her candidacy for Manhattan district attorney in July 2020, joining a crowded field of candidates for the June 22 primary. Says DeLucia: Hes always looking for the next opportunity and the next risk.. In nearly a century, then, the most powerful law enforcement position in one of the most significant jurisdictions in the country has been occupied by only three men. The desk lost $1.8 billion of its $10 billion in allotted capital in 2008. He says separating the tail-hedge fund from other strategies was a smart move, one validated by recent events. Tali Farhadian Weinstein (Courtesy) Hes long noted that those positions later rebounded.Always a confident and brash trader, hes famous for pushing his advantages. To kill time, some days Tepper would shout out trivia questions like, "Guys, guess how many synagogues there are in Michigan?" After being turned down following an interview, he stopped by the bathroom where he bumped into fellow chess player David Delucia, a partner/ then-head of corporate bond trading, who helped arrange some additional job interviews until he landed an internship. As a junior at the Stuyvesant High School in New York City, he was a winner of a stock-picking contest sponsored by Newsday, beating out a field of about 5000 students. According to a person familiar with the bank, of the 44 quarters that Weinstein worked at Deutsche, he turned a profit in 40 of them. Saba is one of the five largest investors globally in SPACs, but not in the way you . With breathtaking speed, Tali Farhadian Weinstein was elevated from minor player to presumed front-runner thanks to a wave of big-dollar donations. Tali Farhadian Weinstein announced her candidacy for Manhattan district attorney in July 2020, joining a crowded field of candidates for the June 22 primary. The Feds massive stimulus -- combining asset purchases and a pledge to keep interest rates near zero for the foreseeable future -- could leave him hanging. To read our full stories, please turn off your ad blocker.We'd really appreciate it. [17] The GM trade for a period appeared to go wrong when the company's stock unexpectedly rose while the CDS plummeted, indicating a loss on both sides. [36][37] He serves on the board of directors of the alumni association of Stuyvesant High School[38] and is a significant donor to the school. [19] His proprietary trading group, which he named Saba in 2007, gained around $900 million in 2006 and $600 million in 2007. (Bloomberg) -- Its a hedge-fund summer idyll: Chickens strut, tomatoes grow ripe and the Atlantic breeze floats over this Hamptons refuge like a sweet balm. Maybe Weinstein, who was declared a chess master at age 16 and won a Maserati competing in a poker tournament that was sponsored by Warren Buffetts Berkshire Hathaway, will have a new theme for the areas that were previously dedicated to the dolls. That's because Weinstein has been identified as one of the people that got on the other side of JP Morgan's disastrous $2 billion trading loss earlier this year. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? His wife Tali Farhadian works at the Department of Justice. [27][28], In 2012, Weinstein profited from a notable loss incurred by JPMorgan Chase on account of a failed investment in credit derivatives attributed to a trader at JPMorgan who was later nicknamed the "London Whale". Even more significantly, Aboushi and Orlins demonstrated early on that a bold anti-incarceration agenda could be electorally viable in Manhattan by amassing endorsements, small donors, and volunteers. Democratic candidate for Manhattan district attorney Tali Farhadian Weinstein has collected tens of thousands of dollars from Wall Streeters who also backed Republicans in the Georgia senate.
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