Fifth Executive at SAC Capital Receives Subpoena

Another executive at SAC Capital Advisors has been subpoenaed to testify before a grand jury as part of the government’s investigation of insider trading at the Stamford (Conn.) hedge fund firm. The executive, the fifth SAC employee to receive a subpoena in the case, is portfolio manager Anthony Vaccarino, according to a person familiar with the matter, who asked not to be identified because the information is private. Vaccarino joins SAC President Tom Conheeney, Chief Operating Officer Solomon Kumin, Compliance head Steve Kessler, head of trading Phillipp Villhauer, and SAC founder Steven Cohen, who have all received grand jury subpoenas, the person says.

Some of the information the government is seeking pertains to two sets of trades at the heart of other ongoing insider-trading cases, according to the person, while some of it is more general information about SAC. Government prosecutors are facing five-year statute of limitations deadlines to file charges relating to trades made in drug stocks Elan and Wyeth, which occurred in July 2008, and trades in computer maker Dell, from August 2008.