The Year In New Hedge Fund Launches

Several hedge funds closed up shop this year or returned capital to maintain their size, but at the same time there were some who took this year to launch new funds and increased their size with new staff. As the year is about to close, here is the round-up of what happened: Hedge funds poach from SAC Capital The woes of SAC Capital have made other hedge funds richer and/or stronger. Most recently, both CNBC and Bloomberg reported that Louis Bacon’s Moore Capital is looking to hire managers from SAC’s London office. Steve Cohen’s hedge fund, which has been embroiled…