SAC, which managed about $15 billion at the beginning of the year but recently lost approximately $5 billion in investor funds as a result of the federal investigation, is said to have purposefully recruited employees with insider knowledge of industrial companies and even used the word “edge” in a marketing document to summarize the fund’s investment strategy.
SAC Capital is being represented by Willkie Farr & Gallagher and Paul, Weiss, Rifkind, Wharton & Garrison.