SAC May Sell Or Close Reinsurer

Oct 4 2013 | 12:22pm ET

SAC Capital Advisors' year-old reinsurance business looks like another casualty of the criminal insider-trading charges against the hedge fund.

SAC has informally approached several firms about buying Bermuda-based Sac Re, which it launched last summer with $500 million in initial capital. Fellow hedge fund Pine River Capital Management is among the potential buyers.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…