Hedge fund Samlyn cleared all positions except financial stocks and eliminated senior analysts to focus on the global financial sector

The Zhitong Finance App learned that people familiar with the matter said that Samlyn Capital, founded by Rob Pohly (Rob Pohly), after selling holdings in almost all industries other than global financial stocks, is cutting senior analysts and switching to focus on this sector. The $7 billion long and short stock hedge fund sold stocks in various industries such as industry, technology, and retail a few weeks ago, earlier than the recent market sell-off that has caused widespread damage to the hedge fund industry. According to one of the people familiar with the matter, the fund has declined by about 5% since this year (as of October).

In the future, Samlyn will mainly trade global financial equities — a sector Polly has been involved in for decades, and analysts in this sector have been retained.

Polly founded Samlyn in 2007 and is the company's sole portfolio manager. He previously worked for Julian Robertson (Julian Robertson)'s Tiger Management Fund (Tiger Management), and later joined Sigma—an affiliate of SAC Capital, a hedge fund headed by Steve Cohen (Steve Cohen) at the time.

Instead of returning the funds to investors, Samlyn transferred the funds from the sale of her positions to financial stocks or kept them in cash for future deployment.