SAC's Cohen Brings Trader Simonian Under His Wing

Jan 6 2012 | 10:54am ET

Steven Cohen is adding some more firepower to his own team at SAC Capital Advisors.

Cohen is moving industrials trader Charles Simonian onto the so-called Cohen Account, personally overseen by Cohen and managing about $3 billion of the $14 billion firm's assets. Simonian will oversee the account's industrials trading with longtime Cohen protégé Chandler Blockage, Reuters reports.

Simonian has worked at SAC's Sigma Capital group since joining the firm in 2008. He formerly managed his own hedge fund, Exton Capital.

SAC returned about 8% last year.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

AIMA: How The U.K.'s SMCR Will Affect U.S. Firms

Jun 20 2017 | 6:29pm ET

U.S. investment managers need to think seriously about how tough new U.K. conduct...

 

From the current issue of