Hedge Funds

SAC man Tapiero to start his own fund


Dan Tapiero, formerly a manager at Conneticut-based hedge fund firm SAC Capital Advisors, is planning to launch a global macro fund later in the year. Tapiero will remain at SAC's headquarters in Stamford to manage DTAP Capital Partners. But he will be managing the fund through his own fund management group, DTAP Capital Advisors. He is taking with him $150 million of assets he was previously running for SAC. Tapiero is now seeking an additional $300 million of new investment. It is understood that SAC allowed Tapiero to spin out of the group because he wanted to run