Six unlucky men who recently joined SAC Capital's London office
The future for SAC Capital is suddenly looking a little unclear. After a seven year investigation, U.S. federal prosecutors have filed criminal fraud charges against the fund, alleging that SAC engaged in, "substantial, pervasive" and unprecedentedly wide ranging insider trading. SAC has yet to respond, but the Wall Street Journal points out that no major firm has survived a criminal indictment and in the U.S. most staff were off the desk this afternoon.
If you joined SAC Capital in the past six months, you may therefore be feeling some regret. Unfortunately, several people did. For a hedge fund, the UK's Financial Conduct Authority (FCA) Register reveals that SAC has been hiring heavily in London this year. Here's who joined. There's no implication that they were involved in any of the charges.
1. Alexandre Dunnange
Joined SAC in London this July. Previously a student at Paris Dauphine University in France.
2. Atallah Estephan
Joined SAC in London in April 2013. A utilities and infrastructure analyst, he left Macquarie after three years in March.
3. Thibault Nardin
Joined SAC in London in April after three years at Morgan Stanley. An equity analyst covering French and Benelux bank
4. Jonas Schwinn
Joined SAC in London in February 2013. A financial institutions analyst, previously spent four years at J.P. Morgan.
5. Paul Clinton.
Joined SAC in London in January 2013. Previously at Occitan Capital Partners and Brevan Howard.
6. Martin Stapleton
Joined SAC in January 2013 after spending three years at Lombard Odier Asset Management.
Other SAC refugees
SAC's London office also contains refugees from previous hedge fund closures. Louis Villa, a portfolio manager, joined last year from Edoma Partners, the hedge fund set up by Pierre Henri-Flamand, former head of European prop trading at Goldman Sachs. Edoma closed in November 2012.