SAC Capital news from FierceFinance

Rabbi Milton Balkany has been charged by U.S. authorities with trying to blackmail hedge fund (hedge fund news) SAC Capital Advisors. Balkany allegedly told the fund that unless he was paid $4... Read more...

Steven Cohen doesn't often provide seed money for such hedge fund start-ups. But when he does, the results are not spectacular. Reuters reports that "many of the portfolio managers who have spun out... Read more...

A lot of people assume that Galleon is merely the tip of an iceberg of fraud. There has been lots of nervousness in the industry which is wondering who's next. A lot of speculation has fallen on SAC,... Read more...

Those who think that Biovail was wronged by hedge fund SAC Capital Advisors and its controversial research firms Gradient Analytics have not fared well in court. The latest: A New Jersey Superior... Read more...

We've noted the woes of James Simon's ailing RIEF recently. But for every story of a poorly performing fund, this year, there seems to be a success story. From a performance perspective, hedge funds... Read more...

Is the season of extreme disgust among hedge fund clients over already? It seems that investors are a much happier lot in 2009. We tend to forget that in 2008 the average hedge fund fared much better... Read more...

Not even the credit crunch can slow Steven Cohen's personal building plans. The town of Greenwich has approved the SAC honcho's plans to add about 1,145 square feet to his mansion, which is already... Read more...

Unlike many other hedge funds, Steven Cohen's SAC has decided to allow investors to redeem money early from the firm's multi-strategy fund, according to Bloomberg. This will certainly win some... Read more...

A lot of big-name buy-side players have moved into cash. Bloomberg reports that no less than Steven Cohen, of SAC Capital Advisors, and Paul Tudor Jones, of Tudor Investment Corp., have been selling... Read more...

Remember Ron Insana, the one-time CNBC anchor. Recall that he left the network in 2006 to pursue a career in the hedge fund industry. He formed a fund-of-funds,... Read more...