Zimmerman is cleared and quits SAC to go solo

Tue Mar 1, 2005

Retail and consumer stock specialist Michael Zimmerman is decamping from SAC Capital Advisors with a full eight-member retail and consumer stock-picking team and is starting his own fund in May with money from Steve Cohen.

Zimmerman's new venture will follow a similar strategy to the one he employed at SAC. The fund will invest principally long and short in public equities of retail and consumer...


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