SAC Capital Will Not Go Into Oblivion As A Family Office

SAC Capital is not dead and it does not want people to think that it is and all the plans (wishes) to become a family office are also baseless. SAC’s president, Tom Conheeney, said that SAC will continue to work as a hedge fund and has no problem in working with assets that are close to what the fund managed four years ago as first reported by Katherine Burton, Saijel Kishan and Kelly Bit of Bloomberg. SAC Capital Is Not Planning Staff Reduction Tom Conheeney said in a reassuring email to its employees that they will not release the actual number…