SAC's Akay Plans $500M Emerging Markets Hedge Fund

Sep 23 2011 | 2:10pm ET

A former SAC Capital Advisors trader is readying an emerging markets hedge fund for launch later this year—possibly with a very big backer.

Ali Akay left SAC's European unit in the summer and has founded Carrhae Capital in London. The new firm, which plans to begin trading in December, will invest both in companies based in emerging markets as well as those who do business there.


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    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…