The brain drain from SAC capital continues, as seven former portfolio managers and two analysts from the London SAC office joined Moore Capital, one of the largest hedge funds in the world, according to a report in the Wall Street Journal.
High profile defections
Moore Capital, operated by Louis Bacon, hired portfolio managers Nicholas Aldridge, Israa Al Bayaa, Arjun Menon, Alexi Papaconstantinou, Bramen Singanayagam, Martin Stapleton and Louis Villa and analysts Atallah Estephan and Rahil Kuchiera.
A number of high profile defections from the hedge fund have followed legal troubles of the fund. The Moore Capital drain from SAC comes after Balyasny Asset Management recently crowed in its investor letter that it was bringing aboard some of SAC’s talent, first reported in ValueWalk. Balyasny, managing $4 billion in assets, brought aboard Massimo Amati, Stanislas de Caumont and Robert Harris. Other staffers had fled to French asset manager Carmignac Gestion.
SAC faced the loss of investors
Please login to view the rest of this article - Not subscribed? Get our adfree exclusive content for only a few dollars a month.
It also helps us fund our operations so think of it as supporting quality journalism.