Hedge fund replication is the collective name given to a number of different methods that attempt to replicate hedge fund returns.
 The hedge fund industry has boomed over recent years and various studies by investment banks as well as academic papers have shown that hedge funds may be nearing an alpha generating capacity constraint.
 This means hedge funds can no longer produce alpha in aggregate.
 Replication has been claimed to remove the illiquidity, transparency and fraud risk associated with direct investment in hedge funds.
 With the belief that the pursuit of alpha is a zero-sum game, more investors are looking to simply add "Hedge Fund Beta" to their portfolio.
 These early investors have been rewarded as the replicators outperformed their direct investment cousins in 2008 due to their greater liquidity and lower use of leverage.
Stamford is a city in Fairfield County, Connecticut, United States.
 According to the 2010 census, the population of the city is 122,643.
 As of July 1, 2014, according to the Census Bureau, the population of Stamford had risen to 128,278, making it the third-largest city in the state and the seventh-largest city in New England.
 Approximately 30 mi from Manhattan, Stamford is in the Bridgeport-Stamford-Norwalk Metro area which is a part of the Greater New York metropolitan area.
A hedge fund is an investment fund that pools capital from accredited individuals or institutional investors and invests in a variety of assets, often with complex portfolio-construction and risk-management techniques.
 It is administered by a professional investment management firm, and often structured as a limited partnership, limited liability company, or similar vehicle.
 Hedge funds are generally distinct from mutual funds, as their use of leverage is not capped by regulators, and distinct from private equity funds, as the majority of hedge funds invest in relatively liquid assets.
Private equity funds and hedge funds are private investment vehicles used to pool investment capital, usually for a small group of large institutional or wealthy individual investors.
 They are subject to favorable regulatory treatment in most jurisdictions from which they are managed, which allows them to engage in financial activities that are off-limits for more regulated companies.
 Both types of fund also take advantage of generally applicable rules in their jurisdictions to minimize the tax burden on their investors, as well as on the fund managers.
 As media coverage increases regarding the growing influence of hedge funds and private equity, these tax rules are increasingly under scrutiny by legislative bodies.
 Private equity and hedge funds choose their structure depending on the individual circumstances of the investors the fund is designed to attract.
Moez Kassam (born August 27, 1980) is a Canadian hedge fund manager.
 He is a founder and principal of Anson Group, which manages a long-short equity fund, Anson Investments Master LP Fund (“AIMF”).
 He founded Anson Group in 2007.
 Barron's Penta Top 100 Hedge Funds ranked Anson at 16 based on three year annualized return relative to hedge funds from across the globe.
 Anson Funds was profiled by Barron’s for ‘Bucking the Crowd’ in July 2017.
 Anson also ranked in Bloomberg's top 25 list for 2015.
 AIMF was ranked 9th on the top 25 mid-sized hedge funds list for 2014 (illustrated in the Bloomberg Markets February 2015 magazine).
 Anson Group now operates two investment funds: Anson Investments Master Fund (AIMF) and Anson Catalyst Fund.
SAC Capital Advisors was a group of hedge funds founded by Steven A. Cohen in 1992.
 The firm employed approximately 800 people in 2010 across its offices located in Stamford, Connecticut and New York City, and various international satellite offices, but reportedly lost many of its traders in the wake of various investigations by the SEC.
 In 2010, the SEC opened an insider trading investigation of SAC and in 2013 several former employees were indicted by the U.S. Department of Justice.
 In November 2013, the firm itself pleaded guilty to insider trading charges and paid $1.2 billion in penalties, although no formal charges have been filed against Mr. Cohen himself.
 The firm has shrunk after returning the vast majority of its outside (i.e. not controlled by Steven Cohen personally) investor capital.
 Point72 Asset Management was established as a separate family office in 2014.
 SAC ceased to exist as a separate entity in 2016.
Here are the ten largest hedge funds in the world ranked by assets under management as of mid 2016.
 Only assets in private funds following hedge fund strategies are counted.
 Some of these managers also manage public funds and offer non-hedge fund strategies.
 For example, BlackRock is the largest investment manager in the world with $5.7 trillion assets under management in all types of funds and AQR Capital Management is the largest provider of public mutual funds following hedge fund strategies with $23 billion in public hedge fund assets under management in addition to the $63 billion of private assets listed below, and an additional $90 billion in traditional investment funds.
Markov Processes International, Inc. (MPI) Is a global provider of investment research, analytics and technology.
 Since 1990, its innovative solutions are being utilized by leading organizations throughout the financial services industry, including: alternative research groups, hedge funds, hedge fund of funds, family offices, institutional investors, consultants, private banks, asset managers, investment advisors and private wealth professionals.
 MPI's quantitative platform, Stylus Pro, analyzes hedge funds, mutual funds, portfolios and other investment products, in addition to providing asset allocation and portfolio optimization technology tools.
The Trading Advisor Selection System (TASS) or Lipper TASS database contains monthly data for hedge funds.
 It is one of the most representative database for hedge funds, containing over 7000 of actively reporting hedge funds.
A Commodity pool operator (CPO) is an individual or organization that solicits or receives funds to use in the operation of a commodity pool, syndicate, investment trust, or other similar fund, specifically for trading in commodity interests.
 Such interests include commodity futures, swaps, options and/or leverage transactions.
 A commodity pool may refer to funds that trade in commodities and can include hedge funds.
 A CPO may make trading decisions for a fund or the fund can be managed by one or more independent commodity trading advisors.
 The definition of CPO may apply to investment advisors for hedge funds and private funds including mutual funds and exchange-traded funds in certain cases.
 CPOs are generally regulated by the United States federal government through the Commodity Futures Trading Commission and National Futures Association.

Question: In 1992,  in which county, did  Steven A. Cohen establish the hedge funds SAC Capital Advisors?
Answer: Fairfield County