Former SAC Capital Advisors portfolio manager Mathew Martoma is scheduled to go on trial November 4 on charges he helped the hedge fund founded by Steven A. Cohen make $276m using illegal tips about a drug to treat Alzheimer’s disease.
SAC Capital Advisors (SAC Capital Partners, SAC Capital Management) is a group of hedge funds.
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FOX Business Network’s Senior Correspondent Charlie Gasparino reports on SAC Capital founder Steve Cohen'
The hedge fund SAC Capital received between $2 billion and $3 billion in requests last week from investors for the return of capital, say people familiar with the matter, with the total being closer to $3 billion amid an intensifying Justice Department investigation.