SAC Starts Financial Trading Arm, Rehires Two To Lead It

Jun 8 2010 | 12:24pm ET

SAC Capital Advisors has launched a new financials trading arm, luring back a pair of former employees to head it.

The Stamford, Conn.-based hedge fund giant has founded Parameter Capital Management in New York. The new group—similar to SAC’s existing Sigma Capital Management and CR Intrinsic Investors units—will trade financial companies, Bloomberg News reports.

To run the new company, SAC has brought back Anil Stevens and Glenn Shapiro from fellow hedge fund Balyasny Asset Management. Both men rejoined SAC last month.

Stevens left SAC, where he worked at Sigma for two years, in 2003 for Balyasny. Shapiro, who also worked at Sigma starting in 2001, joined the Chicago-based firm as an analyst in 2007.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR