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

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note