Former SAC Capital Advisors fund manager Mathew Martoma was portrayed by his lawyer as the victim of a 'rush to judgement' by prosecutors looking to use him to bring insider-trading charges against his former boss, Steven A. Cohen.
SAC Capital Advisors, synonymous with an insider trading scandal that has consumed the hedge fund industry, will soon cease to exist as Wall Street has known it.
The judge in Mathew Martoma’s insider-trading trial warned his lawyers against questions tied to Steven Cohen’s trading strategies, saying it could open the case to a wider probe of the SAC Capital Advisors founder.
Former SAC Capital Advisors fund manager Mathew Martoma, on trial for insider trading, lost a bid to show jurors what founder Steven Cohen told regulators about the sale of Wyeth stock at the centre of the case - statements he argues exonerate him.
The hedge fund billionaire and trader Steven A. Cohen has bought and sold many things: stocks and bonds, modern art and sprawling real estate.
Billionaire investor Steven A. Cohen's SAC Capital Advisors is ending its life as a hedge fund with a 20.1% gain this year, marking one of the industry's best returns even after SAC pleaded guilty to insider trading charges, a source familiar with the numbers said.
Former SAC Capital Advisors portfolio manager Michael Steinberg has been convicted of insider trading in a U.S. victory that may increase pressure on his accused one-time colleague, Mathew Martoma, to cooperate in the probe of founder Steven A. Cohen.
A lawyer for SAC Capital Advisors founder Steven Cohen urged a judge to dismiss a lawsuit by his ex-wife, who claims he ran his hedge fund as a racketeering enterprise.
SAC Capital Advisors fund manager Michael Steinberg told the analyst who gave him inside tips on Dell that the fund’s founder, Steven A. Cohen, wasn’t aware they were obtained illegally.
The hedge-fund analysts vacationed together in the Hamptons, gambled in Las Vegas and adopted a creed that parodied the rules in the Brad Pitt film 'Fight Club'.