Hedge Funds

Andor duo to head Canvas

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SAC Capital Advisors recently formed Canvas Capital Management, a new San Francisco-based affiliate headed by technology manager Steve Pasko and analyst Brad Manuilow, both formerly with Andor.

The duo are said to be launching an equity strategy with an undisclosed amount in capital from Steve Cohen in April. SAC decided to set up shop in San Francisco to access the wealth of investment talent in the Bay area, particularly in the technology sector. The firm expects to expand the office over the next few years. At this time Canvas will not run a separate fund, but it might do