Gabriel Plotkin, a portfolio manager at SAC Capital Advisors, is planning to set up his own hedge-fund firm.
Plotkin, who managed nearly US$1 billion at SAC Capital Advisors, is expected to leave the firm at the end of the year.
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According to media reports, Steven Cohen, head of SAC Capital, is expected to invest over US$200 million in the proposed hedge-fund firm.
Plotkin is not first SAC executive to start his own firm. In January, Vishal Ghiya resigned from his role to launch his own hedge-fund venture.
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