SAC Capital to claw back pay for staff convicted of criminal activity

May 03, 2013
<p>Hedge fund to boost department compliance staff and prohibit contact with public company managers</p>
SAC Capital Advisors, a hedge fund with more than $15 bn in assets under management, plans to claw back pay for staff members who violate securities regulations, according to media reports. The firm also plans a series of other measures after it agreed to pay $616

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