Friday, 22 May 2015
Last updated 7 hours ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…