| 21.10.2013 Opalesque Exclusive: SAC Capital close to agreement to pay record fine, stop operating as investment adviser: hedge fund news, week 42 |
| In the week ending 18 October, 2013, U.S. prosecutors in the insider trading case of SAC Capital Advisors’ portfolio manager Michael Steinberg are trying to prove that parallel trading were done by other fund managers using the same allegedly illegal tips; meanwhile, SAC is understood to be close to an agreement to pay a fine of at least $1bn to settle criminal charges of insider trading, said The |
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