SAC Plans to Close London Office, Cuts Six U.S. Money Managers

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 SAC, headquartered in Stamford, Connecticut, will close down the U.K. office by the end of the year, President Tom Conheeney wrote in a memo sent to ... (more)

http://washpost.bloomberg.com/Story?docId=1376-MV2SWU6K50Z401-5LEFFLC8GFSLHHR8MCNLJDU9PV