SAC Scrutiny Intensifies as U.S. Probes InterMune Trading
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SAC Capital Advisors LP, the $14 billion hedge fund run by Steven A. Cohen, is under increasing government scrutiny as the U.S. investigates its trading in InterMune Inc. and Weight Watchers International Inc., according to a person with knowledge of the matter.
The Federal Bureau of Investigation and the Securities and Exchange Commission are reviewing the trades, said the person, who asked not to be identified because the matter wasn’t public.