{"id":38787,"date":"2013-10-23T10:22:23","date_gmt":"2013-10-23T14:22:23","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=38787"},"modified":"2013-10-23T10:22:23","modified_gmt":"2013-10-23T14:22:23","slug":"sac-plans-to-shut-london-unit-fires-six-u-s-money-managers","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2013\/sac-plans-to-shut-london-unit-fires-six-u-s-money-managers.html","title":{"rendered":"SAC Plans to Shut London Unit, Fires Six U.S. Money Managers"},"content":{"rendered":"<p>Bloomberg &#8211; SAC Capital Advisors LP plans to shut its London office as the $14 billion hedge-fund firm founded by Steven A. Cohen scales back in the face of insider-trading allegations by U.S. prosecutors.<\/p>\n<p>SAC, based in Stamford, Connecticut, will close the U.K. office by the end of the year, President Tom Conheeney wrote in a memo sent to employees today. SAC employs more than 50 people in London, according to a person with direct knowledge of the matter, who asked not to be identified because the firm is private. SAC this week cut six investment jobs in the U.S., Conheeney wrote.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2013-10-22\/sac-is-said-to-plan-closing-down-london-office-by-end-of-year\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; SAC Capital Advisors LP plans to shut its London office as the $14 billion hedge-fund firm founded by Steven A. Cohen scales back in the face of insider-trading allegations by U.S. prosecutors. SAC, based in Stamford, Connecticut, will [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38787","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=38787"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38787\/revisions"}],"predecessor-version":[{"id":38788,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38787\/revisions\/38788"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=38787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=38787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=38787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}