SAC Trader Trial Will Include Guest Appearance By Hedge Fund’s CFO

SAC Trader Trial Will Include Guest Appearance By Hedge Fund’s CFO

The government gave hints Thursday of its strategy in the criminal case against SAC Capital Advisors LP portfolio manager Michael Steinberg, disclosing that its first witness will be the hedge-fund firm’s chief financial officer, Daniel Berkowitz. The trial, which starts next week in federal court in Manhattan, could provide the most detailed look yet at the inner workings of the giant hedge fund. It comes on the heels of SAC’s landmark $ 1.8 billion settlement with the government over insider-trading allegations. [WSJ]


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