Steven Cohen’s SAC Capital makes big Asian hires

SAC Capital, the global hedge fund manager, has made a raft of new hires in Hong Kong to boost its long/short portfolio management team. Shantanu Nagpal joined as a portfolio manager from Brevan Howard in early summer. He had not been in his seat long at Brevan Howard, only joining that firm in the first quarter of 2010, before moving across to SAC in Hong Kong. Frank Ho also joined SAC in Hong Kong as a portfolio manager in June, from Highbridge Asia. That is the same fund from…