SAC Capital's Loss Is Apparently BAM's Gain

Stephen Cohen’s loss at former hedge fund SAC Capital Advisors is apparently Dmitry Balyasny’s gain at Balyasny Asset Management (BAM).

Sources attribute Balyasny’s large increase in assets under management in the last 10 months to many former institutional clients from SAC, who was forced to shutter managing outside client assets in the wake of an insider trading scandal


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