SAC Solves Bird Problem

Jun 28 2013 | 9:32am ET

To SAC Capital Advisors' recent travails, add the fact that the hedge fund has apparently gone to the birds.

While reports differ on how widespread the infestation was—and on its impact on SAC—it is clear that some avian invaders found their way inside of SAC's Stamford, Conn., headquarters. The Web site Guest of a Guest reports that in excess of 15 birds breached security on Wednesday, causing SAC to close its trading floor to allow the birds to be captured and released.

But a source told Dealbreaker that the infestation was not nearly so bad, that it was confined to a single walled office and did not lead to the closure of the trading floor.

SAC is under investigation for insider-trading, a probe that has led to billions of dollars in redemptions from the legendary hedge fund.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...