Bloomberg – Nelson Saiers is stepping down from his role as chief investment officer of Saiers Capital LLC to pursue a career as an artist, leaving the top role at the firm to founder Jason Adler.
The 39-year-old money manager will continue as an adviser to the fund, while Adler will assume responsibilities of CIO starting Sept. 30, according to a letter to investors that was obtained by Bloomberg News. Adler started the New York-based hedge fund in 2007 by transforming his former firm Geronimo LLC, an options market maker that he founded in 2001, into a fund that wagers on volatility.
