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SAC Capital Advisors

A collection of news and information related to SAC Capital Advisors published by this site and its partners.

Top SAC Capital Advisors Articles see all

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  • US CFTC revokes SAC Capital's registration as commodity hedge fund

    WASHINGTON (Reuters) - U.S. derivatives regulators formally revoked the registration of Steven A. Cohen's SAC Capital commodity fund units on Tuesday, as part of a settlement that comes in the wake of the firm's guilty plea to insider-trading charges last year.
  • Portfolio manager to forfeit Boca mansion

    Portfolio manager Mathew Martoma will have to give up his family's $2 million Boca Raton mansion as part of his sentence for being part of what prosecutors called "the most lucrative insider trading scheme ever charged." Martoma, 40, was sentenced...

    SAC's Martoma gets nine years prison for insider trading

    NEW YORK (Reuters) - Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison for engaging in what authorities called the most lucrative insider trading...

    Insider traders in U.S. face longer prison terms, Reuters analysis shows

    NEW YORK (Reuters) - U.S. judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. The rise is at least partly driven by the bigger profits being earned through the illegal schemes, defense lawyers said. The trend...

    Former SAC Capital Advisors President Conheeney leaves firm

    BOSTON (Reuters) - Thomas Conheeney, who was president of Steven A. Cohen's SAC Capital Advisors during the years the hedge fund was being investigated for insider trading, has stepped down from the position at successor organization Point72 Asset...