Launches & Closures

SAC develops Asia franchise with new shop in Singapore

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SAC Capital Advisors, Steve Cohen's $14 billion US hedge fund shop, is understood to be strengthening its presence in Asia, having just opened an office in Singapore under the SC Advisors brand.

The Stamford, Connecticut-based firm has brought on board Ricky Liew, the highly regarded former portfolio manager from JL Capital, as its first manager on the Singapore platform to run a pan-Asia equity long/short strategy.

As well as Liew and his team, SAC Capital Advisors is also understood to be bringing on board another senior portfolio manager, who is relocating from London, to run a global quantitative