Thursday, 27 October 2016
Last updated 3 min ago
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.