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Wednesday, September 4, 2013

SAC Is Said to Raise 2014 Bonuses After Insider Charges

SAC Capital Advisors LP, the hedge-fund firm that's facing federal insider-trading charges and a money-laundering lawsuit, is raising 2014 bonuses for its portfolio managers by 3.5 percentage points to help retain employees, a person with knowledge of the decision.

http://www.bloomberg.com/news/2013-09-04/sac-said-to-raise-bonuses-for-2014-after-insider-charges.html

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