Hedge Fund News From HedgeCo.Net

SAC Hires Back Two Hedge Managers in London Let Go Months Ago

Bloomberg – SAC Capital Advisors LLC, the $14 billion hedge-fund firm run by Steven Cohen, rehired two London money managers nine months after they were let go, according to three people familiar with the situation.

David Morant and Ben Halfacre started work again this week at SAC’s London offices on Paternoster Row, the people said. The two were among at least a half-dozen traders and managers who were dismissed by SAC as hedge funds retrenched last year after the industry’s worst returns in almost two decades.

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