Moore Offers Jobs To SAC London Staff

Jan 3 2014 | 1:21pm ET

Moore Capital Management is taking advantage of SAC Capital Advisors' cutbacks as the latter transforms itself into a family office.

The New York-based hedge fund, which manages $12.1 billion, has offered jobs to several of SAC's London-based portfolio managers, CNBC reports. Moore expects some to join early this year.

Moore focused on SAC managers working on equity and macro strategies.

SAC closed its London office last year as it battled insider-trading charges. The firm later pleaded guilty to fraud and agreed to stop managing outside capital.

Moore had been in talks with about a dozen SAC employees in London, battling for their services with the likes of Balyasny Asset Management, BlueCrest Capital Management and Millennium Management.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note