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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

Displaying items 1-11
  • 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...
  • Tyler Olander's Really Good Deal

    Tyler Olander's Really Good Deal
    In Connecticut, a first driver's license costs at least $72, plus the $40 examination fee, so there is no way you're out of there for less than $112. University of Connecticut basketball player Tyler Olander got a really good deal last week when he...
  • 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...
  • Making a Wall St. crime criminal

    The U.S. attorney in Manhattan last week announced the criminal indictment of hedge fund SAC Capital Advisors. Some may wonder what is to be gained by the effort and expense. Unlike the case of hedge fund mogul Raj Rajaratnam, who went to prison in 2011...
  • Consumer confidence hits six-year high on rising stock, home prices

    Consumer confidence hits six-year high on rising stock, home prices
    WASHINGTON -- Americans are more optimistic about the economy than at any time since the Great Recession as rising home and stock prices boosted consumer confidence this month to a six-year high. The consumer sentiment index from the University of...