|Archeroak Settling Down as a Family Office|If former SAC Capital president Brian Cohn ever had any intention of
establishing a hedge fund firm of his own, its now pretty clear hes going to
stick to running his own money. Cohn recently laid off two staffers at his
family office, Archeroak Capital, leaving only one other besides himself. Word
has it that Christina Kim was one of those let go. She is best known for her
tenure at Daniel Bentons Andor Capital, which shut down amid the market
collapse in late 2008. Cohn spent 11 years as president of SAC before leaving
the Stamford, Conn., firm in 2008 to launch Archeroak. Early on, sources said,
Cohn planned to start a hedge fund operation, despite having limited experience
on the investment side of the business. The idea was that he would recruit
top-notch traders and analysts, while drawing on his experience at SAC to build
an institutional-quality infrastructure. But apparently investors didnt buy
the premise. In the end, they couldnt overlook the fact that Cohn had no
money-management experience. However, a source close to the Old Greenwich,
Conn., firm insisted that Cohns intention from the start was to manage money
only for himself. In any case, he plans to maintain Archeroak as a family
office going forward. Among Cohns earliest hires at Archeroak was Jeff
Messina, a former Level Global analyst who covered cyclical stocks. But Messina
was on board only for a short while, and currently works for Citadel in San
Francisco.

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Archeroak Settling Down as a Family Office