Wednesday, 4 March 2015
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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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…