Hedge Funds

SAC Capital hires Merrill cap intro chief for new marketing role


SAC Capital may be taking a large step towards opening its doors to new capital. The firm, which has been closed to new investors since 1992, has hired Jason Huemer, head of capital introduction for the U.S. at Merrill Lynch, to join the firm as head of marketing. Huemer's last day at Merrill Lynch was Aug. 12.

SAC, which now runs about $6.5 billion and has long been closed to new investments, has not had a marketing chief since Barbara Justiz left a few years ago to start her own marketing firm, Barbara Justiz Advisors. SAC, through spokesman