Three equity investment staffers left SAC Capital subsidiary Sigma Capital at the end of the year, according to Hedge Fund Alert.
The small briefing doesn’t discuss why the trio left, but two work for a team led by Dipak Patel, who is also departing.
Patel runs a five-person team that invests in tech stocks at SAC and Sigma Capital.
We are told that Patel, who worked at SAC Capital since 2002, wil be winding down his portfolio and is transitioning out of the firm in the coming weeks.
The remaining analyst and a trader in Patel’s group will be “reallocated” within SAC we’re told.
Sigma Capital’s tech portfolio, in particular one of the firm’s portfolio managers, Michael Steinberg, have been under scrutiny recently because of the sweeping investigation into insider trading using information gleaned from expert networks that have so far been connected to tech companies, many based in Asia.
Here are more details on the recent departures:
Howard Man was an Asia financial- stock portfolio manager based in Hong Kong, according to HedgeFund Alert. His LinkedIn profile has Man listed a Portfolio Manager at SAC Capital. He has been with the firm since 2008, and was previously a Principal at Sansar Capital Management and a director of equity research at ABN Amro.
Max Jellinek and George Minett were analysts on a technology, media and telecommunications portfolio team headed up by Dipak Patel in New York. One of them has already found a new job at another investment firm. The other will take time off after leaving the firm.
Jellinek joined SAC in 2008 according to his LinkedIn profile, and before that was an M&A analyst at Donaldson Lufkin and Jenrette. He lives in Rowayton in Connecticut, is a Miami University grad (as was his father), is a good golfer and from his Facebook profile pic obviously likes or plays the guitar.
We couldn’t find anything on Minett yet.
Dipak Patel leads a team of five that invests in telecommunications tech stocks for both SAC and its Sigma subsidiary in New York. He donated $4,600 to Senator Chris Dodd’s reelection campaign in 2007.