Fantasia, Ex-Tudor, Theory, To SAC

Sep 17 2010 | 6:35am ET

Having pulled the plug on his own hedge fund venture, Carl Fantasia is returning to the comforting embrace of a big hedge fund firm.

Theory Capital Partners co-founder Carl Fantasia is set to join SAC Capital Advisors. The former Tudor Investment Corp. analyst will start at SAC on Oct. 1 and will work at the firm’s Boston office, Hedge Fund Alert reports.

Fantasia and co-founder Robert Broggi last month told investors they would close Theory, which launched just last year. The two cited fundraising difficulties; despite the support of former boss James Pallotta, who last year shuttered his own firm, Raptor Capital Management, the fund was never able to raise more than $20 million.

To lure Fantasia, SAC reportedly promised him an analyst and about $300 million to play with.

Broggi’s future plans are unclear.

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