Of course, GLG told the company employees it signed up as consultants not to share material nonpublic information with their Wall Street clients. But the employees often had only a fuzzy understanding of where that line was. The hedge fund investors, on the other hand, knew exactly what they were after and would do whatever they could to get it. SAC traders loved the service and had a $1.2 million annual subscription. It enabled them to have conversations with employees who worked at all levels of companies in healthcare, telecommunications, energy, and countless other industries, people they
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