Brian Cohn, a former president of SAC Capital Advisors, is planning to start his own hedge fund, according to two people with knowledge of the move.
The new firm, called Archeroak Capital Management, is scheduled to begin trading equities by the end of the year, said one of the people, who asked not to be identified because the information is private.
Mr. Cohn left SAC Capital at the start of 2008 after working with founder Steven Cohen for 11 years. Mr. Cohn, who didn’t trade at SAC Capital, had previously spent about four years working for International Fund Services, which provides operations and trading for asset managers and is now a unit of State Street Corp.
