Monday, 22 December 2014
Last updated 6 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.