A hedge fund started by Steve Cohen's former COO is going through a shakeup

A portfolio manager has left Folger Hill, a fund that has struggled since it launched two years ago.Folger Hill was started by billionaire investor Steve Cohen's former chief operating officer, Sol Kumin, and Todd Rapp, previously of Highfields Capital.
The portfolio manager who left, Patrick Saunders, rejoined D. E. Shaw in a role he held before Folger Hill. Two analysts and a technologist also recently left Folger Hill's US offices.
Folger Hill has made several hires, mostly in Asia, mean