Reginal Thomas
1
All posts from Reginal Thomas
Reginal Thomas in reginal thomas,

SAC Shrinks U.S. Stock Holdings

Amid facing federal insidertrading charges and client defections, SAC Capital Advisors LLP. has shrunk their holding positions in U.S. stocks by $2 billion during the second quarter. As of June 30 SAC, who is headed by Steven A. Cohen 16.2 billion worth of U.S. listed stocks. 
I'm guessing SAC got rid of all these shares in order to prepare for any fines that might recieve from the insidertrading charges they are facing.