Hedge Funds

Canvas to add strategies to line-up

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Canvas Capital Management, the San Francisco affiliate of Steve Cohen's $6 billion SAC Capital Advisors, is looking to hire an additional three to five investment teams over the next 18 months.

Canvas currently runs four equity-related strategies that focus on the global markets, some with a particular emphasis on Asian investments.

Only late last fall, the firm tapped Michael Siminoff, formerly with JPMorgan Chase, to spearhead its effort to find new talent to bring on board.

Canvas is currently talking to investment teams and is expected to name in the near future a fixed-income group as well as one