Charlie Gasparino: Goldman Pretty Sure SAC's Gonna Pull Through This Thing

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SAC Capital is under intense scrutiny from the government over alleged insider-trading violations, but at least one Wall Street firm with a track record of getting things right appears to be betting that the big hedge fund will ultimately survive. Goldman Sachs recently lured away from arch rival Morgan Stanley a veteran stock salesman who counts as his biggest client SAC Capital. The salesman, Jack Johnston, was offered a lucrative managing director position at the prestigious Wall Street firm — a promotion from his previous job as an executive director at Morgan...“Goldman is obviously betting that whatever happens in the investigation, SAC and Cohen will make it,” said one Wall Street trader who has first-hand knowledge of Johnston’s hiring. “There’s no way that Goldman would offer someone whose biggest client is SAC a managing director spot if it thought SAC was going away.” [FBN]

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