Reuters – Soon after prosecutors charged two of his former employees with trafficking in confidential corporate information earlier this month, Steven A. Cohen kicked his hedge fund’s damage control operation into high gear.
In the morning, top managers at SAC Capital Advisors, LP’s headquarters in Stamford, Conn., calmly fanned out to allay any concerns the 250 analysts and traders at the $13 billion fund firm might have about the insider trading charges against the two former employees, Donald Longueuil and Noah Freeman. A separate outreach program went on with SAC Capital’s wealthy investors, some of whom had anxiously called up within minutes of the news hitting the wires.
