THE MAN WHO BEACHED «MOBY IKSIL» ...

ΕΡΧΕΤΑΙ ΤΟ  SABA CAPITAL MANAGEMENT'S ΤΟΥ WEINSTEIN, ΕΝΑΣ ΑΠΟ ΤΟΥΣ ΜΕΓΑΛΥΤΕΡΟΥΣ ΠΑΙΧΤΕΣ ΤΩΝ CDS, ΝΑ ΕΙΣΠΡΑΞΕΙ ΑΚΟΥΡΕΥΤΟ ΟΜΟΛΟΓΟ; ΠΩΣ Ο WEINSTEIN ΟΔΗΓΗΣΕ ΤΗΝ JPMORGAN ΣΕ ΖΗΜΙΕΣ ΔΙΣ ΣΤΟ ΛΟΝΔΙΝΟ. ΣΥΝΔΕΕΤΑΙ Ο WEINSTEIN ΜΕ  ΕΛΛΗΝΕΣ ΚΕΡΔΟΣΚΟΠΟΥΣ ΣΤΟ CITY;

 A 38-year-old hotshot trader and chess master named Boaz Weinstein was the driving force behind the harpooning of the “London Whale,” hedge-fund industry sources told The Post.

Weinstein, who runs Saba Capital Management, helped shine light on the credit default swap index trade that blew a $2.3 billion hole in JPMorgan Chase’s balance sheet.

The JPMorgan position was amassed by a trader in the bank’s London office named Bruno Iksil — called the “London Whale” for the large positions he was accumulating in the Investment Grade Series 9 10-Year Index CDS.

Weinstein, a renowned CDS index arbitrageur who launched Saba in 2009, in early February recommended the index, which tracks a basket of US corporate bonds.

“They are very attractive” and can be bought at a “very good discount,” said Weinstein, a former Deutsche Bank proprietary trader, speaking at the Harbor Investment Conference on Feb. 2.

It appears the index was so cheap because Iksil was buying it to make a big short bet. Weinstein, whose Saba overseas $5.5 billion in assets, decided to go long and said he bought the index a few days before the conference at around 120 basis points.

For a while, Weinstein’s genius trade wasn’t working out. The IG9 Index continued to sink under the weight of the Whale’s buys — hitting a low of 105 on March 21.

But two weeks later, on April 3, reports surfaced about the Whale’s outsize positions and the tide started to turn.

The price spiked to 130 as traders piled on. What JPMorgan CEO Jamie Dimon first termed a “tempest in a teapot” started to get serious.

By last week, Dimon announced a $2.3 billion loss on the Whale’s trade, and word spread that Iksil’s head may roll. Meanwhile, Weinstein, who earned roughly $100 million last year, saw his position and the index continue to soar.

The CDS index traded around 146 yesterday.

At least a dozen hedge funds as well as other banks are believed to be profiting. Some of those named include former JPMorgan pros at BlueMountain Capital Management and BlueCrest Capital Management, as well as Credit Suisse.