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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

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  • Connecticut Billionaires: Getting Richer Amid Some Troubles

    Connecticut Billionaires: Getting Richer Amid Some Troubles
    The nine Connecticut billionaires that made this year's Forbes 400 list of the richest Americans have a combined net worth of more than $50 billion, more than 2.5 times the size of the entire state budget. As a group, their net worth is up by about two-...
  • Possible successors to U.S. Attorney General Holder

    (Reuters) - Attorney General Eric Holder will announce his resignation on Thursday after nearly six years as the top U.S. law enforcement official. Here is a look at some possible candidates to replace him. * Donald Verrilli, 57, serves as the U.S....
  • 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...
  • 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...
  • Cohen, Point72 must face SAC insider trading lawsuit-judge

    NEW YORK (Reuters) - A federal judge rejected billionaire investor Steven A. Cohen's bid to dismiss lawsuits by Elan Corp and Wyeth shareholders who claimed they lost money because his firm SAC Capital Advisors LP conducted insider trading in the...
  • Andy Warhol sale breaks record as Steven A. Cohen unloads art

    An Andy Warhol work depicting a gruesome car crash has sold for $105.4 million at auction, a record amount for the pop artist. The sale was made Wednesday evening at a Sotheby's auction of contemporary art in New York. The auction also featured the sale...
  • SAC agrees to plead guilty to insider trading

    NEW YORK — Steven A. Cohen faces what could be an end to his career as one of Wall Street's most profitable money men after his hedge fund agreed to plead guilty to charges of criminal insider trading. SAC Capital Advisors becomes the first...
  • For the record

    Insider-trading probe: In the March 16 Business section, an article about a Securities and Exchange Commission settlement with two affiliates of hedge fund SAC Capital Advisors mischaracterized a previous deal between the regulator and financier Michael...