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SAC Capital

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Financial Markets

SAC Capital Redemptions $2 - $3bn

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.

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Financial Markets

Ex-SAC Manager Martoma Faces November 4 Insider-Trading Trial

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.

Money On Hook

Financial Markets

Wall Street Still Waiting On SAC Redemption Numbers

A day after a crucial deadline for investor withdrawals, traders and money managers are still waiting for details on exactly how much capital the $15 billion hedge fund has lost.

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The Future Of Cohen's Fund Still

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SAC Capital Sees Fallout From Government Probe

Bloomberg’s Kelly Bit reports on the investigation into SAC Capital and its affect on investors.

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Financial Markets

SAC Insiders - Most Client Cash Likely Gone By 2014

Steven A. Cohen may be left with less than $1bn from outside investors, down from $6 billion at the start of the year, after today’s deadline for withdrawals from his SAC Capital Advisors LP, according to four people with knowledge of the situation.

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Financial Markets

Blackstone Said Notified Cohen's SAC It Intends To Pull Money

Billionaire hedge fund manager Steven Cohen is losing the financial support of Blackstone Group, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters.

Charles Gasparino

Financial Markets

Gasparino - Insiders Say SAC Capital's Steve Cohen Will Not Be Charged Criminally

FOX Business Network’s Senior Correspondent Charlie Gasparino reports on SAC Capital founder Steve Cohen'

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Financial Markets

Cohen Subpoena Puts SAC Settlement Talks On Ice

Settlement talks between SAC Capital and the federal government, which could have led to a pact preventing criminal charges against founder Steven Cohen, are off after Cohen was issued a subpoena by prosecutors last week.

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Financial Markets

SAC Capital Settlement Talks Fall Apart: Source

Settlement talks between Steve Cohen's hedge fund SAC Capital and the government have broken down, according to sources.

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Financial Markets

Steve Cohen Continues To Have A Tough Old Time

A group of burned investors wants Steve Cohen’s SAC Capital to fork over nearly $1bn - cash the hedge-fund giant earned by trading on alleged inside information of drug company Elan Corp.

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SAC Capital Advisors (SAC Capital Partners, SAC Capital Management) is a group of hedge funds.

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