SAC players keep it small for big returns

Sun May 1, 2005

SAC Capital alumni Chad Loweth, Richard Schimel and Larry Sapanski are putting the finishing touches on their planned diversified long/short hedge fund operation - and have created a novel structure.

Taking a page out of the SAC playbook, the partners are looking to strictly limit their initial assets in order to maximize returns.

Diamondback Capital Management of Stamford will launch with no...

ISSN: 2151-1845 / CDC10004H

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