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Sac

Report: Hedge Fund Facing $1 Billion Penalty

Reuters | Posted 10.17.2013 | Business

NEW YORK, Oct 17 (Reuters) - Steven A. Cohen's SAC Capital Advisors and U.S. prosecutors have agreed in principle on a penalty of at least $1 billion ...

Disgraced Hedge Fund CEO Throws A Party Despite Indictment

Reuters | Posted 09.27.2013 | Business

By Matthew Goldstein July 28 (Reuters) - Hedge fund billionaire Steven A. Cohen did not let the filing of criminal cha...

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 ...

Mark Gongloff

Billionaire Hedge Fund Manager May Avoid Jail

HuffingtonPost.com | Mark Gongloff | Posted 07.19.2013 | Business

We may be on our way to not getting any criminal charges in yet another high-profile Wall Street case. The Securities and Exchange Commission on Fr...

Stop the Presses

David Crisanti | Posted 02.05.2013 | Business
David Crisanti

Isn't the money manager there to do exactly the opposite, to make sure investors receive all the credits available and pay as few unnecessary fees as possible?

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 ...

Insider Trading Probe Offers New Chance to Curb Hedge Fund Power

David Callahan | Posted 05.25.2011 | Business
David Callahan

It is never good to hear that large financial players may have broken the law, and the huge insider trading investigation unfolding on Wall Street is deeply troubling. But the upside to the probe is that it offers a chance to curb the outsized power of hedge funds.

FBI Raids Hedge Funds In Massive Insider Trading Probe

By Matthew Goldstein and Jonathan Stempel | Posted 05.25.2011 | Business

(Reuters) - The FBI raided three hedge funds in connection with a widening probe into insider trading, the Wall Street Journal said on Monday. ...

Steven Cohen Sued: Stevie Cohen Accused Of Fraud By Ex-Wife Patricia Cohen

AP | Posted 05.25.2011 | New York

NEW YORK — The ex-wife of one of America's richest men has sued the billionaire in New York for racketeering, saying he hid millions of dollars ...