Saiers Brothers Join Forces At Alphabet

Feb 21 2012 | 1:18am ET

Alphabet Management has put a fraternal team in charge of its trading.

Scott Saiers was named head trader at the New York-based hedge fund, Bloomberg News reports. His older brother, Nelson Saiers, is the firm's chief investment officer.

The younger Saiers joins the family business from UBS, where he spent the past 11 years, most recently running U.S. equity-linked trading. He was formerly proprietary stock trader and derivatives market-maker.

"He'll be the main guy to oversee the execution of my strategy," Nelson Saiers told Bloomberg. "Because all traders report to me now, it was imperative to have a right-hand man with strong managerial skills who had traded different assets."

Nelson Saiers has been with the $650 million hedge fund for a year-and-a-half, having joined from Deutsche Bank.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note