BOSTON, Oct 2 (Reuters) - Three portfolio managers whoworked for Steven A. Cohen's SAC Capital Advisors in London haveleft the hedge fund, which is currently fighting criminalinsider trading charges.
Alidod Shirinbekov, Woei Chan and Paul Crouch no longer workat Cohen's SAC Global Investors LLP unit, according to filingsdated Sept. 26 on the UK's Companies House website.
A spokesman for SAC declined to comment on the news, whichwas first reported by Bloomberg. The men could not be reachedfor comment. Crouch and Chan were quantitative portfoliomanagers, according to their LinkedIn profiles.
The website listed the men's appointments as beingterminated but did not give details on why they left. Theirdepartures came after review season.
Last month SAC offered retention bonuses to some staff fornext year after the U.S. government charged the $14 billion firmwith securities and wire fraud, prompting outside investors topull nearly all of their capital. The firm has denied allwrongdoing.
SAC let about a dozen marketing and sales people go as itbecame clear that it would not be attracting outside capital asit defends itself against the government charges. So far therehas been no mass exodus on the investment side at the firm, which employs roughly 900 people and has been known for periodicturnover as analysts and portfolio managers leave thehigh-pressured firm after a few years.
- Private Equity & Hedge Funds
- SAC Capital Advisors
- portfolio managers
- Paul Crouch