Paul Orwicz to rejoin SAC as Sursum shuts

By Lawrence Delevingne

Fri Dec 23, 2011



The troubled firm will close less than two years after its high-profile launch.


 
 
  Amateur racer Paul Orwicz drives his Porsche in a 2006 Mid-Ohio Sports Car Course event (Photo: Eric Gilbert/ Motorsport.com)
Paul Orwicz, the hotshot SAC Capital Advisors portfolio manager who left to launch his own fund last year, plans to rejoin Steve Cohen's multibillion-dollar firm following the rapid decline of his long/short equity shop Sursum Capital Management, according to former employees and people familiar with the situation.

In going back to SAC and shutting Sursum, Orwicz ends a short-lived foray into running his own firm. After launching in March...

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