Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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SAC Compliance Head Stepping Down

Feb 17, 2014
Jing Chen

Steve Kessler, the chief compliance officer at SAC Capital Advisors, is departing the firm after nearly a decade.

Bloomberg Businessweek reported that John Casey will be heading Connecticut-based SAC Capital’s compliance department.  Additional information regarding the new hire was not disclosed.

SAC Capital is currently transitioning into a family office after it pleaded guilty to securities fraud charges in November and agreed to pay a $1.2 billion penalty. It managed about $14 billion in total assets under management as of last July.

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