Wednesday, 23 July 2014
Last updated 32 sec ago
Jul 3 2008 | 2:00am ET
Less than a week after getting in the game, SAC Capital Management is taking a step back when it comes to Take-Two Interactive Software.
The Stamford, Conn.-based hedge fund giant yesterday said it had cut its stake in the video game company to 4.4% from 5.3%, and did not intend to file further updates with the Securities and Exchange Commission. SAC had unveiled its stake in Take-Two, which is facing a hostile takeover bid from rival Electronic Arts, just last week.
SAC has not made any public activist demands of Take-Two.
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…