Wednesday, 25 November 2015
Last updated 1 hour ago
Mar 30 2011 | 1:16pm ET
A technology hedge fund founded by a longtime former SAC Capital Advisors manager is no more.
Stefan Frank shuttered his FISAM Capital a few weeks ago after a single large investor moved to redeem. The New York-based firm, founded in November 2009, was managing less than $100 million.
Frank, who spent nearly a decade at SAC managing technology stocks, found it difficult to continue trading without the large investor's capital, Reuters reports.
FISAM is still unwinding its portfolio and returning money to investors.
FISAM has returned about 6% since it launched in December.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…