Thursday, 28 May 2015
Last updated 2 hours ago
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.
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…