SAC's Cowen Jumps To Soros

Dec 2 2010 | 2:33pm ET

Aaron Cowen has left SAC Capital Advisors to join Soros Fund Management as a portfolio manager.

Cowen will oversee long/short equity investments at New York-based Soros. He began work at the firm on Nov. 29, Dow Jones Newswires reports.

At SAC, Cowen managed a team of about 20 analysts and was head of research. He joined the Stamford, Conn.-based firm two years ago from Karsch Capital Management to work directly with SAC founder Steven Cohen.

He also found himself at the center of a collusion probe earlier this year, when he reportedly made the case for betting against the euro at an "idea dinner" in Manhattan attended by representatives of, among others, SAC, Soros, Paulson & Co. and Greenlight Capital.

The investigation, which began after an article in The Wall Street Journal described the February dinner, was dropped this summer. The story led Greenlight's David Einhorn to blast the Journal's "sensationalist" "yellow journalism."

"The discussion of one manager's view about the euro lasted a total of about three minutes," Greenlight told its invests.

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