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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
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • Connecticut's Top Billionaire Making Headlines of the Wrong Sort

    Of course, it's always nice when one of Connecticut's billionaires is getting lots of national attention, and in this case it's our richest resident: Stephen A. Cohen. Cohen is a denizen of Greenwich and founder of SAC Capital Advisors, one of the...