SAC President Announces Departure

Jan 14 2008 | 1:00am ET

Brian Cohn, who joined SAC Capital Advisors when it managed just $300 million, has announced his departure from the now-$15 billion firm after 11 years.

Cohn, SAC’s president, told colleagues on Friday that he plans to take a break before pursuing another opportunity. Last summer, Cohen suffered a personal tragedy when his six-year-old son drowned in the family pool.

Before joining Stamford, Conn.-based SAC, Cohn worked at International Fund Services.

Cohn is the second SAC executive to announce he is leaving the firm in a week.

James Rowen, chief financial officer, said last week that he would join East Setauket, N.Y.-based Renaissance Technologies as chief operating officer. SAC said that accounting and operations chief Dan Berkowitz will succeed Rowen, who joins James Simons’ quantitative shop in about a month.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.