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SAC Capital
Latest Headlines
Latest Headlines
Three insider trading arrests on deck
The Financial Times reports that federal authorities will arrest three former traders at hedge funds as early as next week, marking an expansion of their already hugely successful insider trading probes.
It's unclear exactly who will be arrested. In any case, the arrests will follow the mu
SAC profited from dubious trades
The big question right now about SEC's historic insider trading investigations is how many more truly big fish---beyond convicted insider trading mastermind Raj Rajaratnam---will ever be charged. One big fish is Rajat Gupta, the former head of McKinsey and a Goldman Sachs director no less. He has
Prosecutors may target SAC Capital
The government's success in prosecuting insider trading cases has been more than noteworthy.
We know that probes are continuing. What we don't know is whether prosecutors are serious about going after fish that's bigger than even Raj Rajaratnam, the convicted inside trader who received 11 year
Bernard Madoff affair still making news
It's hard to believe that Bernard Madoff pleaded guilty to running a massive Ponzi scheme way back in 2009. It seems like just yesterday, in part because even from his North Carolina prison where he is serving a 150 year term, the great Ponzi schemer is still making news, as is Irving Picard, the
Another insider trading guilty plea on tap
Reuters reports that Dr. Joseph "Chip" Skorown may be on the verge of pleading guilty to insider trading charges. Recall that he has been out of jail on a $6 million bond after being charged in an explosive case involving FrontPoint Partners, which has suffered mightily in the unfolding inside
Celebrity hedge fund managers take their lumps
Are "celebrity" hedge fund managers suffering some massive setback at the moment? Or is the world just paying a lot more attention these days? It's probably a little of both.
No matter what you think, we can all agree with The Economist when it says, "One lesson is that being famous can ha
Ex-SAC trader paints bad portrait of insider trading at hedge funds
Former SAC Capital employee Noah Freeman took the strand as a government witness last week in the trial of expert networking consultant Winifred Jiau. And he managed to paint a damning portrait of the hedge fund industry. Not only did he admit to insider trading while overseeing funds at SAC Capit
SAC Capital secures new investments, performance remains strong
One big issue surrounding hedge fund powerhouse SAC Capital and its founder Steven Cohen is the extent to which limited partners are getting restive.
It was big news recently when one investor anonymously went public about his decision to redeem funds. That has prompted more questions about ho
SEC looking at SAC's MedImmune trades, limited partners nervous
The SEC has been taking a look at MedImmune's takeover by AstraZeneca for almost two years, as part of a larger probe of big health-care deals and an investigation of whether or not hedge funds and bankers were illegally trading on inside information.
Today's blockbuster news development that
Investors thinking about SAC redemptions
We noted recently that, for the time being, limited partners seem to be giving SAC Capital the benefit of the doubt regarding the massive insider trading investigation thought to be aimed at the firm and its founder Steven Cohen.
Cohen has worked hard to reassure his partners that his complian
