SAC’s Orwicz Raises $17.75M For New Hedge Fund

Mar 11 2010 | 2:51pm ET

A former SAC Capital Advisors technology and energy hedge fund manager is striking out on his own.

Paul Orwicz has founded Sursum Partners. The new firm has already launched its maiden hedge fund, Financial News reports, raising $17.75 million from eight investors.

It is unclear whether Greenwich, Conn.-based Sursum will continue Orwicz’s focus on technology and energy.

Orwicz has taken a pair of analysts from his SAC days with him to the new firm. Dauvin Peterson and Paul Kim have joined the nascent operation, according to FN.

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