Wednesday, 24 December 2014
Last updated 12 hours ago
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.
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.