SAC to Close London Office Amid U.S. Insider Probe

Oct. 22 (Bloomberg) -- SAC Capital Advisors LP plans to shut down its London office as the $14 billion hedge-fund firm founded by Steven A. Cohen scales back in the face of insider-trading allegations by U.S. prosecutors. SAC, headquartered in Stamford, Connecticut, will close down the U.K. office by the end of the year, President Tom Conheeney wrote in a memo sent to employees today. The firm this week cut six investment professionals in the U.S., Conheeney wrote. Katherine Burton reports on Bloomberg Television's "Market Makers."

GIC's Goh Kok Huat on China Home Prices
36:26 - Singapore's sovereign wealth fund, GIC, says China's home prices still have room to rise. The residential markets in Beijing and Shanghai have already surged this year, but GIC expects a population influx to further boost demand. So how might a U-S rate rise, contrasted with easing in Asia, affect prices? Bloomberg's Haslinda Amin put that question to GIC's real estate president, Goh Kok Huat. (Source: Bloomberg)
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