US hedge fund suffers reversal of fortune

SAC Capital Advisors, once known for bringing big returns to investors, now faces hefty penalty for insider trading.

A US financial company has been handed the largest ever penalty for insider trading. SAC Capital Advisors was once known for bringing large returns for its investors. But now the hedge fund is being discredited after agreeing to plead guility to criminal charges.

Al Jazeera’s Kristen Saloomey reports from New York.

Source: Al Jazeera