Monday, 3 August 2015
Last updated 2 min 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…