Alphabet To Be Renamed For CIO

Dec 10 2012 | 5:39am ET

Alphabet Management is rewarding its chief investment officer with a promotion—and a new name.

The New York-based hedge fund will rechristen itself Saiers Capital, after CIO Nelson Saiers, Bloomberg News reports. In addition, Saiers was named a full partner and co-managing member of the firm, effective in April.

"Together with Nelson's leadership, we have significantly expanded the asset classes we trade, our geographic coverage and have tripled our assets under management," firm founder Jason Adler, who heads Alphabet's non-investment efforts, wrote to clients.

The $565 million firm's hedge funds will not be renamed and will continue to carry the Alphabet name.


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