Saiers Rising, Becomes CIO Of Hedge Fund Alphabet

Mar 16 2011 | 11:36am ET

Alphabet Management has named Nelson Saiers chief investment officer just eight months after he joined the firm from Deutsche Bank.

During his stint as head portfolio manager at the New York-based volatility hedge fund, Alphabet's assets under management have more than doubled to $275 million. Under his leadership, the fund posted an impressive 26% return last year.

"He's made us a much stronger company," founder Jason Adler explained to Bloomberg News. "He's enhanced our quantitative modeling, which helps make us more profitable."

At Deutsche Bank, Saiers worked on the proprietary derivatives trading desk. The math Ph.D. previously worked at UBS and Susquehanna International Group.

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