Thursday, 28 August 2014
Last updated 6 hours ago
Nov 20 2013 | 10:31am ET
With SAC Capital Advisors set to close its office by the end of the year, its employees in the British capital are casting a relatively small net in their search for new jobs.
The office's portfolio managers and analysts have interviewed with Balyasny Asset Management, BlueCrest Capital Management, Millennium Management and Moore Capital Management, The Wall Street Journal reports. Moore alone has held talks with about a dozen SAC London employees, discussions that involved Henry Bedford, co-risk manager of the Moore Macro Managers Fund.
SAC's London traders hope to keep their teams together when they move to a new firm, although there has been no agreement for them to move as a unit yet. Some others have held talks about keeping the office together and spinning it off from SAC, although it is unclear whether the money could be raised for such an effort.
At least some of SAC's London staff are expected to remain with the firm, including the CEO of the office, Michael Ferrucci, an American.
SAC earlier this month pleaded guilty to insider-trading charges. It will pay a $1.2 billion fine and has agreed to cease managing outside capital.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...