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Six Ex-SAC Capital Employees Return To The Nest

The nest has a new name, but Papa Bear remains the same.
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It's unclear if the decision by half a dozen Little Steves to return home had anything to do with the new lending library or ability to give input on interior design, or if their time away taught them that a life without the daily possibility of having one's colon removed for losing money proved hollow and meaningless.

Six ex-SAC Capital Advisors employees have returned to their former employer, billionaire investor Steven Cohen, as portfolio managers at his new investment firm Point72 Asset Management. Eugene Lipovetsky, Ladd Fritz, Ray Shu, Arjun Menon, Israa Al Bayaa and Stanislas de Caumont have rejoined Point72 after leaving in 2013-2014 when SAC shut down after paying a $1.8 billion fine in an insider-trading settlement with U.S. regulators.

Six ex-SAC employees return to Cohen's Point72 [Reuters]


Firing Watch '15: People Found Guilty Of Speaking To/IMing With/Thinking About An Employee Of Point72 Asset Management

It's unclear if this new rule will remain a policy exclusive to BlueCrest Capital Management or if it will go industry-wide.

Maybe this'll come out of archives? Getty Images

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