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
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