Financial Markets
2 days ago
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.
Financial Markets
6 days ago
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.
Financial Markets
2 months ago
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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Financial Markets
2 months ago
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.
Financial Markets
2 months ago
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.
Financial Markets
3 months ago
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.
Financial Markets
3 months ago
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.
Financial Markets
3 months ago
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.
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by Vic Daniels (RSS feed) - 4 months ago
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.
Financial Markets
4 months ago
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.