SAC Capital Advisors, synonymous with an insider trading scandal that has consumed the hedge fund industry, will soon cease to exist as Wall Street has known it.
Steven A. Cohen’s 22-year-old hedge fund — once the envy of Wall Street — is completing plans to change its name and its corporate structure by mid-March, according to people briefed on the matter, a rebranding effort that comes after SAC pleaded guilty last year to criminal insider trading charges.
via After Scandal, SAC Capital Begins to Fade to Black – NYTimes.com.