Skip to content
Subscriber Only

SAC Capital Said to Raise Bonuses Amid U.S. Insider Probe

SAC Capital Advisors LP is raising bonuses for its portfolio managers by 3 percentage points to help retain employees as the U.S. government’s insider-trading probe moves closer to Steven A. Cohen’s $14 billion hedge fund, according to a person familiar with the matter.

The bonus increase announced yesterday will be paid to equity, macro and commodity portfolio managers, said the person who asked not to be named because the information is private. The firm’s portfolio managers are typically paid an annual bonus of about 15 percent to 25 percent of the profits they generate from their investments, according to another person.