| 28.10.2013 Opalesque Exclusive: SAC reached tentative deal with Feds: hedge fund news, week 43 |
| In the week-ending 25 Oct., 2013, it was reported that SAC Capital has reached a tentative deal with federal prosecutors to settle the insider trading case and pay $1bn in fines and penalty; the hedge fund would also wind down its advisory business band stop managing money for outside investors under the said plea agreement. SAC Capital also said it would cut six portfolio management teams in th |
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