SAC Employees Can Stop Holding Covert Interviews At The Norwalk Econo Lodge

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Billionaire hedge fund manager Steven A. Cohen may see the last of his outside investors ask for their money back by midnight on Friday...The departure of outside capital gave rise to speculation that SAC might turn itself into a family office, consider making layoffs or scale down the size of its operations. The firm has told employees this will not be the case. SAC President Tom Conheeney told employees in a recent email that the firm will have as much to invest at the end of this year as it did at the end of 2009. [Reuters, earlier]

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