SAC Defections Accelerate as Cohen Approaches Settlement

As Steven Cohen nears a settlement that may put his SAC Capital Advisors LP out of business over allegations of insider trading, some of his overseas money managers aren’t waiting.

Lia Forcina, who managed more than $700 million at SAC Capital out of London, quit this month to join BlueCrest Capital Management LLP, three people with knowledge of the matter said last week. At least four other money managers have recently left SAC in the U.K., according to regulatory records and people familiar with their departures.