FBN’s Charlie Gasparino reports that despite government probes into SAC Capital for insider trading, they “continue to take in assets despite these investigations.” Sources tell Gasparino that SAC “has raised 1.5 billion dollars since mid 2010” when the probes began. Excerpt from the report, courtesy of Fox Business Network.
On how SAC Capital is being impacted by the government investigation into allegations of insiders trading:
“Early indications show SAC is weathering the government probes. They continue to take in assets despite these investigations. Sources close to SAC say the fund has raised 1.5 billion dollars since mid 2010.”