SAC Capital May Downsize Operations As Outside Investors Pull Back

HFA Padded
Mani
Published on
Updated on

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. Earlier it was reported that Steven Cohen’s hedge fund might see investors pulling out $3.5 billion, on top of the $1.68 billion redemptions made during the first quarter. The total redemption is expected to touch…

This content is exclusively for paying members of Hedge Fund Alpha

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!
This article is only available for Premium Members
Subscribe today and get :
Insider Strategies and Letters to Shareholders from the Top Hedge Funds
Exclusive Access to coverage of Private, Closed-Door Investor Conferences
Hedge Fund Manager Research Currently Producing 21% – 40% Returns Annually

Don’t have an account?

Subscribe now and get 7 days free!
HFA Padded

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