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Sac Capital Advisors

Gavel

Financial Markets

Three More SAC Executives Are Subpoenaed: Report

Three more senior executives at SAC Capital Advisors - the president, chief compliance officer and head of trading - have received subpoenas to testify before a grand jury, according to a Dow Jones report.

Steven Cohen Still

Financial Markets

SAC Says Cooperation With U.S. No Longer ‘Unconditional’

SAC Capital Advisors, Steven Cohen’s $15bn hedge-fund firm, told investors it’s no longer cooperating unconditionally with the U.S. government’s insider-trading investigation.

Ronnie Head In Hands

Financial Markets

Ex-Wife Strikes Back - Another Blow For SAC's Steven Cohen

The ex-wife of SAC Capital Advisors founder Steven A. Cohen won reinstatement of most of a lawsuit in which she seeks $8.25m in damages based on claims the hedge fund is 'the product of an ongoing racketeering scheme' that engaged in insider trading.

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SEC Logo

Financial Markets

SAC Capital Affiliates Settle Insider Trading Case

Hedge fund titan Steven A. Cohen's firm, long the focus of a federal investigation into insider trading, is paying more than $600 million to U.S. securities regulators to settle allegations arising from improper trading in two stocks.

Gavel

Financial Markets

SAC Fund Manager’s Tipper Nguyen Gets One Year In Prison

An expert-networking consultant who leaked illegal tips to former SAC Capital Advisors fund manager Noah Freeman and other portfolio managers was sentenced to a year and a day in prison.

SEC Logo

Financial Markets

SAC’s Cohen May Face SEC Suit As Deposition Hurts Case

U.S. investigators have subpoenaed a 2011 deposition of SAC Capital Advisors LP founder Steven Cohen, whose sworn statements on insider-trading compliance may hurt him as he tries to persuade regulators not to file a lawsuit that could shut his $14bn firm.

Departure

Financial Markets

SAC Loses $1.68bn From Investors

Investors in SAC Capital redeemed $1.68 billion Thursday, according to people familiar with the matter, a nod to a raft of legal issues that have embattled the hedge fund in recent months since a new government insider-trading case raised questions about founder Steve Cohen's potential involvement in illicit activity.

Beached Whale

Financial Markets

JPMorgan Whale Wanted For Lehman Questionning

Lehman Brothers Holdings is seeking court permission to question the JPMorgan trader known as the 'London Whale' in connection with its $8.6bn lawsuit accusing the largest U.S. bank of driving it into bankruptcy.

Steve Cohan Still

Video

WSJ: SAC Expects Withdrawals of About $1bnn

SAC Capital Advisors has told employees and business partners that it expects investors to withdraw at least $1bn from the firm amid the U.S. government’s insider-trading investigation, the Wall Street Journal reported, citing people briefed on the communications.

HSBC Canary Wharf

Financial Markets

HSBC Said to Advise Wealthy Against More SAC Investments

HSBC’s private bank advised clients to not add money to Steven A. Cohen’s SAC Capital Advisors LP amid a U.S. government insider-trading investigation into the hedge fund, according to a person with knowledge of the matter.

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