It’s Christmas, a time for charity and reflection. Or in the case of most investment banks, compiling a list of underperformers to oust in the new year and therefore preserve the bonus pool. But spare a thought for the 36 SAC Advisors London employees who, a month before the holiday season, were cast out on the streets – or at least removed from the FCA register.
SAC’s London office closure was well-covered, but now the vast majority of staff have been laid off and, it appears, none have found new opportunities. The company has gone from 39 front office employees last week, to three now, according to the FCA register. Just Famida Daniels, the in-house counsel, and Michael Ferrucci, who headed up the office, remain.
Some have already seized the opportunity to do some good, with Jonas Schwinn and Thibault Nardin travelling to the Philippines to help victims of Typhoon Haiyan.
If any benevolent recruiters are looking for hedge fund employees, here’s the full list of ex-SAC staff.
Faycal Abbes: Relocated from SAC in Hong Kong to London in April.
Nicholas Aldrige: Joined from SocGen in September 2010.
Massimo Amati: Joined in December 2012 as a portfolio manager from Millennium
Israa Al Bayaa: Partner and portfolio manager focusing on global utilities and infrastructure since July 2008.
Stanislas de Caumont: Laid off from Credit Suisse December 2011, where he was head of government bond trading. Since July 2012, he was a partner and portfolio manager on global macro fixed income and FX at SAC.
Rahul Chopra: Joined SAC in June 2012.
Paul Selvey-Clinton: Unfortunately enough to be hired by SAC in January this year as an analyst, having worked at Occitan until December.
Michael Dalgleish: Worked at SAC since January 2011, having joined as an analyst. Promoted to portfolio manager in July 2013.
Stephen Dove: Execution trader covering metals and mining since 2005.
Alexandre Larrain: Again, unfortunate enough to have signed up to SAC in the summer – has been an analyst since June with a focus on FX and rates.
Tony Eccles: Partner and portfolio manager with a focus on energy since January 2011.
Hossam Elsokari: Joined in 2009 from UBS. Lehman alumni.
Atallah Estephen: Signed up in April as an analyst focusing on utilities and infrastructure from Macquarie.
Amelia Forcina: A former partner at hedge fund Fenician Capital Management, who joined SAC in 2011.
Saiyad Hamid: Switched from private equity firm TA Associates to cover long-short equities at SAC in July of this year. Harvard Alumni, ex-Citigroup.
Robert Harris: Joined from UBS in 2008.
Malte Heininger: Credit analyst who joined from Ashtree Capital in 2010.
Arjun Menon: Partner and portfolio manager focusing on IPO investments and long-short equities. Joined from KKR in 2011.
Thibault Nardin: Joined SAC in April after three years at Morgan Stanley. An equity analyst covering French and Benelux banks.
Liam Pagliaro: Former head of research at Gartmore Partners. Joined SAC in early 2012.
Alexi Papaconstantinou: Joined SAC from Morgan Stanley, where he was an associate, in May 2007. Covered event-driven strategies.
Hernan Perez-Kakabadse: Joined SAC in October 2011.
Alexis Reculard: Joined from BarCap in early 2012, where he was an associate focusing on algorithmic FX trading.
Stephen Salter: VP in EMEA equity finance at SAC, where he’s been since 2006, having joined from GLC.
Jonas Schwinn: A financial institutions analyst who previously spent four years at JPMorgan. Unfortunate enough to join SAC in February 2013. Has the best LinkedIn photo ever.
Bramen Singanayagam: Former in equity research at JPMorgan, but signed up to SAC in April 2011.
Martin Stapleton: Joined SAC this year after three years at Lombard Odier Asset Management.
Marie-Clare Thomas: Joined from GFI in January 2011, as a trader. Previously worked at Citigroup.
Minh Tran: Execution trader at SAC since January 2010 with experience at Atticus Capital.
David Tuthill: Trader focused on the Asian market who has been with SAC since 2008, having joined form Cantor Fitzgerald.
Louis Villa: Portfolio manager at SAC since May 2012, having previously been a partner at Edoma Partners – the hyped up hedge fund start up that closed after two years in November 2012.
Carl Vine: Former head of Asian prop trading UBS. Joined SAC’s Hong Kong office in November 2008, but relocated to London this year.
Dong Xie: Former prop trader at SocGen in Paris, moved to London for SAC role in December last year.
Huseyin Yasar: Former associate at Goldman Sachs, joined SAC as an investment analyst in August 2011 working on the long-short strategy portfolio.
Muhammed Yesilhark: Joined from York Capital in August 2009, where he was a director managing $7.8bn. Portfolio manager at SAC.
Yasin Youssouf: Joined from Algebris Investments in March 2012. Has experience at RBS, Blackrock and Tisbury Capital Management.