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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]

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5 Responses to “Shuttering Watch ’13: SAC UK”

  1. Guest says:

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

  2. Guest says:

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

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