Tuesday, November 27, 2012

SAC Capital To Hold Investor Call Wednesday Morning




SAC is losing no time!  According to a CNBC report facing perhaps its toughest moment yet in the U.S. government’s insider-trading probe, SAC Capital will host a special investor call Wednesday morning to field questions about the recently-unveiled federal case against former trader Mathew Martoma, say two people familiar with the matter.

SAC management will host an investor question-and-answer session Wednesday before the U.S. markets open at 9:30 a.m., say these people. The Stamford-based hedge fund firm holds quarterly calls to discuss matters of performance, these people added, but additional calls to discuss particular legal issues, while not unprecedented, are also not the norm.  It is unclear as yet whether SAC founder Steve Cohen will participate in the scheduled discussion…..

No comments:

Post a Comment