Departure Watch '14: The Hedge Fund Formerly Known As SAC Capital

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Apparently not everyone is interested in sticking around for the chance to manage Steve Cohen's second cousins' money, or for the new zip-ups and other assorted swag.

Three technology stock traders have left the Boston office of Steven A. Cohen’s nearly $10 billion family office over the last week in a new round of defections at a firm that is still dealing with the fallout from a significant insider trading investigation. The three traders who resigned from Point72 Asset Management are Telis Bertsekas, Michael Valentine and Nina Hughes, said two people who were briefed on the matter but not authorized to speak publicly. All three had worked in the relatively small Boston office of the 850-employee firm, which maintains its headquarters in Stamford, Conn. The departures of Mr. Bertsekas and Ms. Hughes are notable because the two jointly managed a portfolio of mainly technology stocks with a value of several hundred million dollars.

Three Traders Leave Steven Cohen’s Office in Boston [Dealbook]

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