Reeling Sursum loses staff
By Lawrence Delevingne
Wed Dec 14, 2011
After a high profile launch, SAC vet Paul Orwicz has performed poorly and lost investors; other firms are taking advantage.
Paul Orwicz's Sursum Capital Management, the much-ballyhooed
long/short equity firm he launched with other
émigrés of SAC Capital Advisors last year, has
suffered a sharp reversal of fortune as speedy as its initial
success. With assets dropping significantly following
double-digit losses, Sursum's problems have turned into a boon
for others, with several key staffers departing to fast-growing
|| Paul Orwicz races his Porsche in a
2006 Mid-Ohio Sports Car
Course event (Photo: Eric Gilbert/
Sursum recently lost senior analyst Paul Kim-one of Orwicz's
core, three person team at SAC-to $5 billion Indus Capital
Partners' expanding European fund. Kim was an analyst covering
technology, media and telecommunications stocks at Omega
Advisors before joining SAC in 2007 to work with Orwicz. Ray
ISSN: 2151-1845 / CDC10004H
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