SAC Capital’s Dipak Patel Said to Leave Sigma Unit
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Dipak Patel, who runs a five-person team investing in technology stocks at SAC Capital Advisors LP, is leaving the hedge fund, according to two people familiar with the matter.
Patel, who worked at the Sigma Capital Management LLC unit and was with SAC Capital since 2002, is winding down his portfolio and transitioning out of the firm in the coming weeks, said the people, asking not to be named because the information is private. One analyst and a trader in Patel’s group will be given new roles at SAC, said one of the people.