Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at

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Former Portfolio Manager at SAC Affiliate Launches HF

Jan 15, 2013
Jing Chen

A former portfolio manager at SAC Capital’s Sigma Capital unit is planning to start his own hedge fund.

Bloomberg reported that Charles Simonian, who left Sigma Capital in September, will launch New York-based Trove Capital Management in March or April. The new long/short equity hedge fund will focus on industrial, consumer, media, telecommunications and business-services stocks with market capitalizations of at least $1 billion.

The fund’s current capital was not disclosed, however its capacity is set at $1 billion.

Josh Fischer, a former portfolio manager at SAC will join Simonian at Trove Capital as the director or research.

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