Hedge Funds

SAC man plots stat arb fund

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Al Vinjamur, who worked as a stat arb trader at Steve Cohen's SAC Capital Management for eight years, and partner Steven Pomerantz, who last ran a proprietary stat arb portfolio for New York Life, are close to launching their own stat arb shop, Lotus Partners.

Vinjamur began running money for SAC even before he joined the firm in 1995. As an undergraduate computer science student at the Rochester Institute of Technology, he began publishing an internet newsletter called Neuroquant Profiles, and also began designing stock-picking models which he used to trade money for family and friends. The newsletter