SAC Asia Ops. Head Out

Apr 16 2012 | 12:48pm ET

SAC Capital Advisors is losing its Asia-Pacific chief after a year of major growth in the region.

Jay Luo has resigned as head of the hedge fund's operations in the region. While Luo did not manage any money, he did oversee the hedge fund's business in the region. That business took several steps forward last year, with the hiring of four portfolio managers, office growth in Hong Kong and plans to open a new office in Tokyo, its fourth in Asia.

Luo led SAC's Asia office for six years. He formerly was a member of the firm's risk-management operation in Stamford, Conn., and all told spent a decade at the firm.

Luo's immediate plans are unclear, although he is said to have left SAC to pursue other opportunities.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...