Hedge Funds

SAC's Sigma creates COO post; names Conroy to the job


Sigma Capital Management, the New York affiliate of Steve Cohen's SAC Capital Management, has named Brian Conroy to the new post of chief operating officer.

Conroy joined SAC's Stamford, Conn. headquarters two years ago in another new position, chief of execution trading, which involved strengthening the short-term trading-oriented firm's ties with Wall Street brokers and overseeing all listed and over-the counter trading.

Prior to joining SAC, which runs about $5.5 billion through its multi-strategy funds, Conroy spent some 15 years on the sell-side. Most recently, he ran ABN Amro's New York sales and trading operation; before that, he