SAC Capital Employees Might Not Work At The Hottest Hedge Fund In The World Right Now But They Did Interview At A Holiday Inn Express Last Night

SAC Capital Employees Might Not Work At The Hottest Hedge Fund In The World Right Now But They Did Interview At A Holiday Inn Express Last Night

It remains to be seen whether SAC will become a less important client on Wall Street over the longer term. The fund’s assets under management are dropping as investors have asked to withdraw money amid the intensifying investigation. Over the last six months, many investors have cut ties with SAC, with roughly $ 5 billion of $ 6 billion in outside money being withdrawn from the fund. The firm could also see an exodus of employees. Already, according to one executive of another hedge fund, some SAC employees are stealthily conducting interviews in hotel rooms and private homes to avoid being seen on rivals’ trading floors. [Dealbook]

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