Former SAC, Och-Ziff Manager Said to Consider Hedge Fund
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Ken Xu, a former managing director at SAC Capital Advisors and Och-Ziff Capital Management Group LLC, is considering setting up his own hedge fund in Hong Kong, said a person with knowledge of the matter.
Xu left SAC, now renamed Point72 Asset Management LP, earlier this month, said the person, who asked not to be identified as the information is private. His license with the company was removed on May 16, according to data posted on the website of Hong Kong’s Securities and Futures Commission. Jonathan Gasthalter, a spokesman for Stamford, Connecticut-based Point72 at Sard Verbinnen & Co. in New York, declined to comment. Xu also declined to comment.