Saiers Made Partner at Alphabet Management After 27% Gain
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Nelson Saiers was promoted to full partner and co-managing member of Alphabet Management LLC after leading the volatility hedge fund to a 27 percent advance since July 2010.
The company, which specializes in options to bet on the swings in stocks and other assets, will change its name to Saiers Capital LLC, according to a Dec. 6 letter to investors obtained by Bloomberg News. The promotion of Saiers, 37, will be effective in April and he will remain the chief investment officer, the statement said. Founder Jason Adler, 41, will stay in charge of the company’s non-investing activities.