Hedge Funds

Winham leaves SAC for $6.7bn Amaranth

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Chris Winham, an analyst at SAC Capital who worked with trader Larry Foley on a long/short portfolio, has left the firm to oversee a sector within the long/short portfolio at the $6.7 billion, Greenwich, Conn.-based Amaranth Advisors. At SAC, Winham covered "old economy" cyclicals, such as homebuilding, manufacturing, airline and utility stocks. At Amaranth, the well-regarded Winham will oversee the cyclicals sector of Amaranth's long/short portfolio, which is sub-divided into specific sectors. Nick Maonis is the portfolio manager and head of Amaranth.