Former SAC Capital Advisors President Brian Cohn is set to launch his own hedge fund.
Cohn, who left SAC two-and-a-half years ago after 11 years with the hedge fund giant, has founded Archeroak Capital Management in Old Greenwich, Conn. The equities shop is set to begin trading by the end of the year, Bloomberg News reports.
Joining Cohn—who did not trade or manage investments at SAC—are two other hedge fund veterans, Jeff Messina, formerly of Level Global Advisors, and Christina Kim, formerly of now-defunct Andor Capital Management. At Archeroak, Messina will oversee cyclical industries and Kim technology investments.
Cohn left SAC in January 2008, just months after the tragic drowning of his six-year-old son in the family pool. At the time, he said he planned to take a break before moving on to another opportunity.