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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
  • 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...
  • 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...
  • 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...
  • 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...
  • Did billionaire Steven Cohen buy Picasso painting from Steve Wynn?

    Did billionaire Steven Cohen buy Picasso painting from Steve Wynn?
    Has billionaire hedge fund manager Steven Cohen purchased Picasso's "Le RĂªve" from billionaire hotel and casino magnate Steve Wynn? A story in the New York Post this week reports that Cohen has bought the coveted painting for $155 million. If true,...
  • 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...
  • 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...
  • 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...
  • 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...