SAC sees traders bolt as firm's troubles mount

Steven A. Cohen
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A gentlemen's agreement between hedge fund titans Steve Cohen and Izzy Englander not to poach employees from each other appears to be over.

At least three investment professionals have left Cohen's embattled Stamford, Conn.-based SAC Capital Advisors for Englander's multistrategy shop Millennium Partners in Manhattan in recent months, according to people familiar with the situation.

Alexey Chentsov joined Millennium this month as a portfolio manager focused on quantitative investments in foreign exchange and fixed income. Chentsov was a quantitative analyst at SAC from February 2004 to April of this year.

And Santiago Falconi, an analyst at SAC with the firm since March 2006, also left recently to be a portfolio manager at Millennium; he will join in January.

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