Ex-SAC Asia Manager Plans Own Firm

Apr 30 2014 | 2:27pm ET

A 10-year SAC Capital Advisors veteran is set to launch a new Asian hedge fund.

Andrew Bazarian was one of the four top people at SAC’s Hong Kong office, running a pan-Asian portfolio at the firm, which became a family office called Point72 Asset Management earlier this month. He left SAC in early March, before the firm’s guilty plea to insider-trading charges was accepted by a federal judge.

Bazarian’s new fund is expected to be backed by Alibaba Group Holding's Joe Tsai, The Wall Street Journal reports. Tsai has not yet committed a specific sum, but any investment would come from his personal wealth.

Bazarian joined SAC in 2004, initially based at its Stamford, Conn., headquarters. He moved to Hong Kong in 2008, where he oversaw Asian capital markets investments in addition to his own fund. He has never been linked to any of the illicit trading at his former employer.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...