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>> SAC CAPITAL ADVISORS Latest News

SEP 04, 2013 - Yahoo! News

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SAC to offer retention bonuses to some staff for next year

BOSTON (Reuters) - SAC Capital Advisors announced a second round of retention bonuses to some employees on Wednesday as the hedge fund attempts to keep staff as the firm faces charges of securities fraud. SAC, named after billionaire fund manager Steven A. Cohen, told staff that portfolio managers working on long/short equity, macro and quantitative strategies would be paid an automatic 3.5 percent bonus next year if they commit to staying, a source familiar with the fund but not authorized to speak about it publicly said. ...

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