SAC Capital Management has hired Colin Rust, former proprietary equity derivatives trader at Lehman Brothers in New York, in a similar role. Rust declined comment. Peter Nussbaum, legal counsel in Stamford, Conn., did not return calls. SAC is the world's 33rd largest hedge fund manager, according to Institutional Investor's hedge fund rankings.
At Lehman, Rust reported to Andy Ellner, managing director. Kerri Cohen, spokeswoman in New York, did not return calls.
