SAC Capital Adds Compliance Pro To Boston Office

Jun 17 2011 | 8:32am ET

SAC Capital Advisors has hired its first compliance officer in Boston, the office that once housed admitted insider-trader Noah Freeman.

Gina DiMento oversees compliance for the roughly dozen portfolio managers and analysts at SAC's Beantown office. SAC Boston's compliance needs had previously been handled by SAC's compliance teams in Stamford, Conn., and New York, Bloomberg News reports.

DiMento, who joined SAC last month, previously worked at AGS Law Group, which advises hedge funds, as well as PAR Capital Management and Wellington Management Co.

Freeman, who has pleaded guilty to insider-trading as part of the government's crackdown on expert-networks, testified in the trial of Winifred Jiau last week that he traded on confidential information while at SAC from 2008 through 2010. Freeman said he went to some lengths to hide his activities from SAC's compliance department, billing Primary Global Research, for which Jiau consulted, in the form of higher trading commissions.

SAC has said that it is "outraged by the alleged actions of two former employees," Freeman and Donald Longueuil, who has also pleaded guilty in the case. The hedge fund currently faces four separate investigations, though neither the firm nor its founder, Steve Cohen, have been accused of wrongdoing.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note