Former SAC trader launching EM hedge fund
| November 23rd, 2011 | ||
| Ali Akay, previously a trader at SAC Capital Advisors, announced the impending launch of his new emerging markets hedge fund Carrhae Capital. Carrhae Capital will be based out London is slated to begin trading with around $200 million and hopes to reach half a billion by first quarter 2012. Mr. Akay spent almost 3 and a half years as a portfolio manager at SAC Capital Europe before leaving in October 2011. Prior to SAC, he was a Director and portfolio manager at HBK Investments. Mr. Akay has also spent time in Goldman Sach’s Principal Strategies Group and at McKinsey & Company. SAC Capital Advisors has $14 billion in assets under management and was founded by hedge fund legend Steven Cohen in 1992. Over the years, SAC has a served as a breeding ground for star traders who have eventually left to start their own funds. | ||
For Detailed Investor Profiles on these Investors, click below: |
SAC Capital Advisors |
HBK Investments |
Related People: David Costen Haley;
Related Entities: Canvas Capital;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings
Add a Comment |
More Recent Headlines
Och-Ziff Capital Management Group LLC Announces Public Offering of $250 Million of Class A Shares |
What’s up with BYD? |
Top 200 Hedge Funds oversee nearly $680 billion in assets |
How to Avoid Ponzi Schemes |
Greenlight Capital’s David Einhorn bashes Green Mountain |
Third Point’s Daniel Loeb searching for Yahoo Gold |
Hedge funds suffer heavy losses in August; Fortress, Renaissance and Bridgewater Outperform |
Bill Ackman’s Hong Kong Dollar Play |
Global Macro Hedge Funds Outfperform: Polygon Investment Partners, MW Global, Man Group |
Fortress Commodities Offshore Fund Turns Positive on Declining Oil Prices bet |
Other Openings and Closings
Eton Park Veteran Thierry Lucas founds Portland Hill Capital | ||
| March 30th, 2012 |
The Big Hedge Fund Stories from 2011: Part 1 | ||
| January 25th, 2012 |
Clifford Asness’ AQR Capital preps for several Hedge Fund Launches | ||
| January 2nd, 2012 |
Yashwant Bajaj’s Juggernaut Asia Fund up 45% | ||
| December 27th, 2011 |
Czech Asset Management rises from the ashes of FrontPoint Partners | ||
| December 27th, 2011 |
