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