• 22 Oct 2013 at 12:05 PM

Shuttering Watch ’13: SAC UK

SAC Capital’s London office is reportedly packing it in.

SAC Capital Advisors LP plans to shut down its London office as the $14 billion hedge-fund firm founded by Steven A. Cohen scales back in the face of insider-trading allegations by U.S. prosecutors, according to a person with direct knowledge of the decision. SAC, headquartered in Stamford, Connecticut, will close down the U.K. office by the end of the year, said the person

[Bloomberg]

Comments (5)

  1. Posted by Guest | October 22, 2013 at 12:12 PM

    Yeah London, you know, fish, chips, cup o'tea, bad food, worse weather, Mary fuckin' Poppins London

  2. Posted by J. Paulson | October 22, 2013 at 12:22 PM

    So you're saying I should move out of gold and into Diamonds?

  3. Posted by Dr. Snarf | October 22, 2013 at 12:28 PM

    5 minutes, Turkish.

  4. Posted by Fucking PC BS! | October 22, 2013 at 12:33 PM

    What he is saying is corporate wants all these British wankers to duct tape their penis to their inner thigh! Fucking used to do this at IBM in the 60's!

  5. Posted by Guest | October 22, 2013 at 6:01 PM

    How much do they pay in commish a year? This is bad news. There will be a knock on effect.