SAC Portfolio Manager Ghiya Quits To Start Own Firm

Jan 15 2014 | 2:31pm ET

A top SAC Capital Advisors trader has left the embattled firm to found his own hedge fund.

Vishal Ghiya resigned from SAC's Sigma Capital Management unit last week, Bloomberg News reports. Ghiya focused on a number of industries at SAC, managing about $500 million.

SAC is becoming a family office in the wake of its guilty plea last year to insider-trading charges. The firm is returning some $6 billion to clients after agreeing to cease managing outside capital.

Ghiya is the second SAC staffer known to have left the firm this year. Andrew Schiffrin, who managed industrial stocks, left on Jan. 6.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of