SAC Faces Probe of Biotech Trading

[bluedevil]

Another investigation into alleged insider trading at SAC:

 

http://online.wsj.com/article/SB10001424052702303657404576357692977788176.html

[Parsad]

Surprise, surprise!  ;D  Cheers!

[Parsad]

More news on SAC!

 

First redemption due to investigations by a "well-known" investment manager:

 

http://finance.fortune.cnn.com/2011/05/31/sac-investors-begin-to-eye-the-door/

 

I'm guessing a lot more will follow.  Cheers!

[ubuy2wron]

Bio tech investing and insider information. Some hedgies have made a practice of paying doctors involved in medical research for their expertise, given that this is market moving I can not perceive how this would not be considered insider info.