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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 1-12
  • Ex-Goldman director Gupta starts prison term on June 17

    NEW YORK (Reuters) - Former Goldman Sachs Group Inc director Rajat Gupta is expected to begin his two-year prison term on June 17 for insider trading. U.S. District Judge Jed Rakoff in Manhattan directed Gupta to surrender by 2:00 p.m. EDT on that date...
  • Wall Street fund managers buy Milwaukee Bucks basketball team

    (Reuters) - Hedge fund managers Marc Lasry and Wesley Edens are buying the National Basketball Association's Milwaukee Bucks for $550 million from businessman and former U.S. Senator Herb Kohl, becoming the latest Wall Street financiers to own a sports...
  • FBI probes high-frequency trading firms for abuse of information

    FBI probes high-frequency trading firms for abuse of information
    Federal agents are investigating whether high-frequency trading firms break U.S. laws by acting on nonpublic information to gain an edge over competitors. The Federal Bureau of Investigation's inquiry stems from a multiyear crackdown on insider trading,...
  • SAC Capital's Plotkin to leave firm by year's end: source

    (Reuters) - Billionaire investor Steven A. Cohen will lose one of his top portfolio managers when Gabriel Plotkin sets up his own hedge fund, a person familiar with his plans said on Thursday. Plotkin, who managed roughly $1 billion in positions at...
  • Billionaire Chicagoan Ken Griffin donates $150 million to Harvard

    Billionaire Chicagoan Ken Griffin donates $150 million to Harvard
    Billionaire Chicagoan and hedge fund manager Ken Griffin is giving $150 million to Harvard University, all but $10 million of which will be dedicated to financial aid for undergraduate students, the university announced late Wednesday. The gift is the...
  • SAC fund manager Michael Steinberg guilty in insider-trading case

    SAC fund manager Michael Steinberg guilty in insider-trading case
    Michael Steinberg became SAC Capital Advisors' longest-serving manager to be convicted of insider trading in a government victory that may increase pressure on his former colleague Mathew Martoma to cooperate in the U.S. investigation of founder Steven A....
  • 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...
  • Andy Warhol sale breaks record as Steven A. Cohen unloads art

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

    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

    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...
  • 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...