Hedge Funds

SAC names Kessler as its compliance chief


Steven Kessler was recently named the head of compliance at Steve Cohen's SAC Capital. Kessler will work with senior management of SAC, including SAC's General Counsel Peter Nussbaum, in developing and enhancing policies, procedures and controls to support the ongoing global trading and investment activities of SAC. His appointment comes as groups like SAC prepare for further hedge fund regulation from the Securities and Exchange Commission. Kessler was previously at Goldman Sachs, where he served as a member of the legal department.