SAC's Simonian To Set Up Hedge Fund

Jan 16 2013 | 2:10pm ET

A top SAC Capital Advisors portfolio manager is launching his own hedge fund, again.

Charles Simonian, who founded and ran his own firm before joining SAC in 2008, has established Trove Capital Management in New York. The new firm will launch its maiden fund in March or April, focusing on large-cap companies in the business services, consumer, industrial, media and telecommunications sectors.


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