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SAC Portfolio Managers Join Rival London HF

Dec 29, 2013
Jing Chen

A trio of London-based portfolio managers at SAC Capital Advisors are joining rival hedge fund firm Balyasny Asset Management.

The Wall Street Journal reported that Massimo Amati, Stanislas De Caumont and Robert B. Harris will work out of Balyasny’s London office, effective January.

Amati and De Caumont, who both joined SAC last year, were responsible for a managing macro strategy portfolio at the firm. Harris managed a stock portfolio focused on business services and leisure-industry companies at SAC.

According to an eVestment article from last week, several undisclosed SAC  traders are joining Louis bacon’s Moore Capital Management as Connecticut-based SAC is in transition to close its London office by the end of the year following its guilty plea to insider trading last month. A grand jury charged SAC in July with wire fraud and four counts of securities fraud for allegedly allowing insider trading to go unchecked from 1999 through at least 2010. The SEC also charged SAC founder Steve Cohen in a civil lawsuit for failing to prevent insider trading at his firm.

SAC had about $14 billion in total assets under management as of July 1.


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