SAC Capital May Downsize Operations As Outside Investors Pull Back

Mani

Published onJune 4, 2013

Updated on May 13, 2021

SAC Capital Advisors may consider reducing staff, closing offices and downsizing trading operations, as outside investors pull the bulk of their money amid an ongoing insider trading probe.

Svea Herbst-Bayliss and Katya Wachtel of Reuters report that the hedge fund might cut staff from the present level of 950. Some of the existing employees at SAC Capital are reported to have approached headhunters for new openings.

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

SAC Capital May Downsize Operations As Outside Investors Pull Back

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