SAC Loses Another London Trader

Oct 21 2013 | 1:32pm ET

Another SAC Capital Advisors portfolio manager in London has left the scandal-plagued hedge fund.

Lia Forcina accepted a job at BlueCrest Capital Management this month, Bloomberg News reports. She is the second London-based SAC manager to move to that firm in the past two months, following Alidod Shiribekov's exit in September.

Forcina managed more than US$700 million in financial stocks for SAC, which she joined in 2011 from Fenician Capital Management. Prior to moving into hedge funds, Forcina worked at Morgan Stanley.

Forcina is the fifth London-based SAC portfolio manager to leave the firm, following Shirinbekov, Woie Chan, Paul Crouch and John Levavasseur. Levavasseur joined Millennium Management, which also hired SAC analysts Alexey Chentsov and Santiago Falconi.

SAC has reportedly reached a tentative settlement of criminal insider-trading charges with federal prosecutors, one that will see the firm pay more than $1 billion and give up managing outside capital for a period of time.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.