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
|| 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 Stokes,...
ISSN: 2151-1845 / CDC10004H
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