SAC Cuts Back-Office Jobs

Feb 27 2009 | 11:23am ET

SAC Capital Advisors is the latest hedge fund firm to cut jobs, with the Connecticut hedge fund giant laying off back-office employees.

No investment staff are affected by the staff reductions, according to published reports. But between 30 and 40 operations support staff will lose their jobs.

It is unclear where the affected employees are located. SAC is based in Stamford, Conn., and has offices in New York and Boston.

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