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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

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

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...