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Sac Capital Advisors

Writing Steven Cohen's Epilogue

Adam Resnick | Posted 11.06.2013 | Business
Adam Resnick

For nearly a decade, SAC Capital Advisors has been on the radar of the federal government for alleged systemic insider trading. On Monday, United Sta...

Record Insider Trading Settlement Nears

Reuters | Posted 01.23.2014 | Business

Nov 4 (Reuters) - SAC Capital Advisors, Steven A. Cohen's multibillion-dollar hedge fund, and U.S. prosecutors are expected to announce on Monday a ...

This Full-Page WSJ Ad Mocking SAC's Steve Cohen Is Pretty Hilarious

Quartz | Zachary M. Seward | Posted 07.28.2013 | Business

Quartz: The background is that Patrick Byrne, chief executive of Overstock.com, is among the most vocal critics of naked short selling, which ...

Disgraced Hedge Fund Pleads Not Guilty To Damning Charges

Reuters | Posted 09.25.2013 | Business

* Voluminous evidence includes court-authorized wiretaps * Sept 24 next court date By Bernard Vaughan NEW...

Mark Gongloff

SAC Capital Indictment Does Not Mean The End Of 'Too Big To Jail'

HuffingtonPost.com | Mark Gongloff | Posted 07.25.2013 | Business

The feds finally seem to have gotten over their fear of bringing criminal charges against a financial company -- but that doesn't mean they have lost ...

Report: SAC Capital To Face Federal Criminal Charges

Reuters | Sakthi Prasad and Matthew Goldstein | Posted 07.24.2013 | Business

(Reuters) - Federal prosecutors are preparing to announce criminal charges as early as this week against Steven A. Cohen's hedge fund SAC Capital Advi...

Portfolio Manager Arrested In Insider Trading Probe

Reuters | Posted 03.29.2013 | Business

(Reuters) - Michael Steinberg, a portfolio manager at Steve Cohen's 15 billion SAC Capital Advisors, was arrested by the Federal Bureau of Investigati...

Ben Hallman

Doctors Who Advise Wall Street Investors Operate In Ethical Grey Zone

HuffingtonPost.com | Ben Hallman | Posted 11.27.2012 | Business

Once upon a time on Wall Street, the enterprising trader looking for a nugget of inside information about a public company worked the phones, develope...

Steven Cohen's Press Release on SAC's Alleged Insider Trading: I'm a Genius!

Janet Tavakoli | Posted 05.21.2013 | Comedy
Janet Tavakoli

How did I not know allegedly illegally obtained insider information was used by managers at my own fund? It's because I'm a genius. If you don't get it, it's because you're not a genius. But don't worry. I'll explain it to you later in this press release.

Hedge Fund Manager Pays Back Trading Violation With Penalty

Posted 09.07.2011 | Business

BOSTON - Former hedge fund manager Forrest Fontana, who once worked for industry titan Steven A. Cohen's SAC Capital Advisors, will pay nearly $1 mill...

Senator Urges 'Suspicious Trading' Probe Of Major Hedge Fund

nytimes.com | PETER LATTMAN and ANDREW ROSS SORKIN | Posted 07.07.2011 | Business

Federal prosecutors are examining trades made in an account run by Mr. Cohen at SAC Capital Advisors, his hedge fund in Stamford, Conn., that manages ...

Rabbi Given 4 Years In Prison After Hedge Fund Extortion Attempt

The Wall Street Journal | Chad Bray | Posted 05.25.2011 | Business

NEW YORK--A Brooklyn, N.Y., rabbi was sentenced to four years in prison Friday after being convicted last year of trying to shake down hedge-fund firm...

Billionaire Hedge Fund Manager Reportedly Hosts GOP Strategy Session In His Mansion

Alpha | Lawrence Delevigne | Posted 05.25.2011 | Business

Hedge Fund manager Steve Cohen held a meeting at his home in Greenwich, Connecticut with Republican Party candidates to discuss strategy for the midte...

The 5 Best-Paid Hedge Fund Managers (PHOTOS)

Huffington Post | Posted 05.25.2011 | Business

We heard a lot about CEO pay when Wall Street firms doled out their annual bonuses earlier this year. Of course, any bonus at all could be interpreted...

Paulson Drops 6.9% As Hedge Funds Post BIGGEST Losses Since Lehman

bloomberg.com | Katherine Burton and Saijel Kishan | Posted 05.25.2011 | Business

Hedge funds lost an average of 2.7 percent through May 27, according to the HFRX Global Hedge Fund Index, as the sovereign debt crisis in Europe trigg...

Steven A. Cohen's Ex-Wife Files Suit Accusing Billionaire Of Insider Trading

New York Times | JENNY ANDERSON and ZACHERY KOUWE | Posted 05.25.2011 | Business

In a lawsuit filed Wednesday, Ms. Cohen claims her ex-husband hid millions of dollars from her -- a common enough complaint as big-money divorces go. ...