Wednesday, 2 December 2015
Last updated 7 hours ago
Oct 28 2011 | 12:33pm ET
Reinsurance isn't SAC Capital Advisors' only big plan. The $14 billion hedge fund, seeing greater opportunities in Japan, plans to open an office in Tokyo early next year.
SAC unveiled its Tokyo plans at a meeting with investors in New York this week. Executives told clients that the firm has hired four portfolio managers in Asia this year and now boasts 13 total.
Firm founder Steven Cohen sees growing opportunities in Japan, where long/short hedge funds have done fairly well this year, Bloomberg News reports.
SAC's Tokyo base will be its fourth Asian office, after Hong Kong, Singapore and Beijing. In addition to its Stamford, Conn., base and New York office, the firm also has presences in Boston, Chicago and London.
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…