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

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...