SAC To Open Tokyo Office

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.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note