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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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  • State's Richest Residents Top Forbes Earnings List In Down Year For Hedge Funds

    State's Richest Residents Top Forbes Earnings List In Down Year For Hedge Funds
    What does a lousy year look like for the richest Wall Street traders? It's brutal. Connecticut's two wealthiest residents came out on top in theĀ Forbes ranking of the "25 Highest Earning Hedge Fund Managers and Traders" for 2014 — but they raked...
  • Top 10 Connecticut Business Stories Of 2014

    Top 10 Connecticut Business Stories Of 2014
    Government activities dominated the Connecticut business scene and the Top Ten list of stories in 2014 even more than in the past. And the ranking doesn't even include the start of legalized marijuana sales in September. We didn't see large-scale...
  • Robert B. Reich: The coin of the realm

    A few years ago, hedge fund Level Global Investors made $54 million selling Dell Inc. stock based on insider information provided by a Dell employee. When charged with insider trading, Level Global Investors co-founder Anthony Chiasson claimed he didn't...
  • 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-...
  • 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...
  • 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...
  • SAC agrees to plead guilty to insider trading

    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...
  • Big MOCA donor Steven Cohen faces off with feds over hedge fund

    Federal authorities are trying to topple Steven A. Cohen from his heights as one of the world’s top hedge fund managers by stripping him of the right to invest other people’s money. Could fighting the non-criminal proceeding that the...
  • IMF warns Fed stimulus pullback could reignite European debt crisis

    IMF warns Fed stimulus pullback could reignite European debt crisis
    WASHINGTON -- A Federal Reserve pullback of its economic stimulus efforts could reignite the European debt crisis as that region struggles to recover from its longest-ever recession, the International Monetary Fund warned. In its annual assessment of...
  • 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...
  • Fed communication, timing key to reduce risk of stimulus exit: IMF

    Fed communication, timing key to reduce risk of stimulus exit: IMF
    WASHINGTON -- Clear communication and proper timing are key to the Federal Reserve ending its unprecedented stimulus efforts without damaging the improving U.S. economic recovery, the International Monetary Fund said Friday. With Fed policymakers set to...