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.
SAC Capital
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.
Hedge Fund Billionaire Steve Cohen: I Have 'Zero Tolerance For Wrongdoing'
The hedge fund billionaire Steve Cohen has told investors he will have "zero tolerance for wrongdoing" as his firm continues to be "buffeted" by insider dealing charges.
SAC Building New Anti-Insider Trading Firewalls
Embattled hedge fund giant SAC Capital is moving to strengthen its compliance protocols and adopt stricter policies against insider trading, according to a letter to shareholders from founder Steve Cohen shared with CNBC.
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SAC Capital Further Relaxes Redemption Policy
Faced with continuing legal headwinds, SAC Capital on Friday morning informed investors that it would relax its redemption policy, allowing them to pull their invested capital from the hedge fund over two quarters rather than three.
Gasparino: Blackstone Weighing Withdrawal of SAC Funds
FBN's Charlie Gasparino on the developments surrounding Steve Cohen and SAC Capital.
Top Hedgie Prepares For Ex-Wife Trouble
The ex-wife of hedge fund honcho Steve Cohen is turning up the heat in her bitter legal battle with her former husband.
SAC Capital Sued By Wyeth Investors
SAC Capital Advisors was sued by a public pension fund that holds shares of Wyeth, now a unit of Pfizer, over alleged insider trading on tips about an Alzheimer’s drug.
SAC Capital, Madoff, OppenheimerFunds, UBS, Julius Baer
Donald Longueuil, a former employee of the hedge fund SAC Capital Advisors, has big for plans when he gets out of prison.
Case Against SAC's Steinberg Could Be Strong
Prosecutors have a tough case ahead of them in going after Michael Steinberg, the 16-year veteran of SAC Capital, as he never made direct contact with the insiders who allegedly leaked information.
Citi Settlement Questioned, SAC Professional Seeks New Judge
A Manhattan federal judge on Monday signalled he will not rubber-stamp Citigroup's proposed $590m settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets.
SAC Capital Advisors (SAC Capital Partners, SAC Capital Management) is a group of hedge funds.
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Top Hedgie Prepares For Ex-Wife Trouble
The ex-wife of hedge fund honcho Steve Cohen is turning up the heat in her bitter legal battle with her former husband.