Hedge Funds

Ex-SAC man focuses on consumer and retail


Charlie Siegel, a former co-portfolio manager at SAC Capital Advisors affiliate Sigma Capital, recently rolled out a pair of funds under Elazar Advisors. The firm launched a domestic and offshore pair of funds that employ a long/short equity strategy. The funds, which focus on retail and consumer products, will invest primarily in U.S. companies.

At Sigma, Siegel was a co-portfolio manager for a retail/consumer-related fund. Prior to that he ran a similarly-focused fund at JLF Asset Management, where he was a partner. Siegel is the most recent SAC alumnus to set up shop. SAC emigrés Mike Handler went