Thursday, 18 December 2014
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.