SAC Cuts Bank Of America Stake, Boosts Stock Holdings To $10B

Nov 17 2009 | 8:39am ET

SAC Capital Advisors has slashed its stake in Bank of America even as it ramped up its stock holdings, the Stamford, Conn.-based hedge fund giant said in a regulatory filing.


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By Ron Suber -- Not long ago, pre-2008, hedge fund managers held relative...

 

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