UPDATE 1-Some SAC Capital investment staff jumping to rival firm

... periodic turnover. The firm's long-running legal woes intensified this year when the U.S. government charged the Stamford, Connecticut-based firm with securities and wire fraud, prompting outside investors to pull out virtually all of their capital. ...

http://www.reuters.com/article/2013/09/13/hedgefunds-sac-idUSL2N0H91JO20130913?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews