SAC Hires Stock-Picker To Work With Cohen, Reopens Flagship

Sep 11 2008 | 8:34am ET

SAC Capital Advisors’ recent hiring spree is continuing, as the Stamford, Conn., hedge fund giant has snatched at top Karsch Capital Management executive.

Aaron Cowen will join SAC from the global equities hedge fund later this year. He will work directly with SAC founder Steven Cohen to pick stocks and manage a team of analysts.

The $16 billion firm has hired 25 new teams to manage stocks since November, opening a Boston office to accommodate some of them.

Separately, Bloomberg News reports that the firm is reopening its flagship fund to new investors for the first time in three years. SAC Capital International is up about 1% year-to-date.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.