Hedge Funds

SAC's Perry rejoins Kynikos

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Jeffrey Perry has left Steve Cohen's SAC Capital after a two-year stint to rejoin Kynikos Associates, a firm where he worked in the early 1990s. In his new post, Perry will work as managing director alongside Kynikos chief, Jim Chanos.

The duo will co-manage the long/short Kynikos Opportunity Fund, which recently opened to outside investors. The long/short strategy is considered strategically important to Kynikos which is best known for its short-only approach. Although Kynikos' short portfolio weighs in at a sizable $2 billion, short-biased managers often find it difficult to raise as many assets as long/short managers.

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