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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.