Monday, 30 November 2015
Last updated 2 days ago
Jan 6 2012 | 9:54am 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.
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…