Reginal Thomas
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Reginal Thomas in reginal thomas,

SAC Capital Promising Some Huge Bonuses In Hopes Of Keeping Staff

SAC Capital announced more retention bonuses to some of the hedge funds employees today, in hopes of keeping their staff members, while the company faces insider trading charges. Portfolio manager working on long and short equity, macro and quantitative strategies would receive 3.5% bonuses next year if they commit to staying with the firm. While analysts working on long and short equity funds are guaranteed a minimum of $300,000 for the yearly bonus.

Well you can't call SAC's founder Steven A. Cohen cheap, that's for sure. But regardless of the bonuses, anyone connected with this company is eager to make as much room between themselves and this fund as soon as possible, but on the other hand the extra cash would be helpful while you look for a new job. If you worked at SAC what would you do?